Newmil Bank
New Milford, CT — Domestic Branch of a Domestic Bank
Acquired Oct 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Newmil Bank | All Insured Savings Banks in Connecticut |
Interest and Fees on Loans | 24,028 | 30,722 |
Income from Lease Financing Receivables | — | 199 |
— | 128 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 68 |
Income on Loans and Leases (TE) | 24,028 | 30,743 |
Investment Interest Income (TE) | 10,383 | 6,705 |
Total Interest Income (TE) | 34,929 | 37,924 |
Total Interest Expense | 15,311 | 16,366 |
Net Interest Income (TE) | 19,618 | 21,574 |
Non-Interest Income | 3,186 | 4,524 |
Adjusted Operating Income (TE) | 22,804 | 26,098 |
Non-interest Expense | 13,286 | 16,291 |
Provision for Loan & Lease Losses | — | 577 |
Pretax Operating Income (TE) | 9,518 | 9,455 |
Pretax Net Operating Income (TE) | 6,181 | 9,460 |
Applicable Income Taxes | 814 | 3,032 |
Net Operating Income | 4,596 | 6,290 |
Net Income | 4,596 | 6,290 |
Cash Dividends Declared | 3,200 | 3,200 |
Retained Earnings | 1,396 | 6,142 |