Net Income Analysis ( % relative to Total Revenue )
Income Statement Needham Bank All Insured Commercial Banks in Massachusetts
Interest and Fees on Loans 72,240 34,650
Income from Lease Financing Receivables — 0
— 299
Estimated Tax Benefit from Tax-Exempt Loan Income — 159
Income on Loans and Leases (TE) 72,240 35,259
Investment Interest Income (TE) 4,151 3,997
Total Interest Income (TE) 77,321 39,846
Total Interest Expense 15,744 4,360
Net Interest Income (TE) 61,577 35,029
Non-Interest Income 3,314 8,220
Adjusted Operating Income (TE) 64,891 43,184
Non-interest Expense 42,090 28,480
Provision for Loan & Lease Losses 950 964
Pretax Operating Income (TE) 21,851 13,638
Pretax Net Operating Income (TE) 21,852 13,750
Applicable Income Taxes 8,583 3,897
Net Operating Income 13,106 8,937
Net Income 13,106 8,869
Cash Dividends Declared — 3,144
Retained Earnings 13,106 5,501