Norcrown Bank
Livingston, NJ — Domestic Branch of a Domestic Bank
Acquired Jun 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Norcrown Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 7,262 | 6,379 |
Income from Lease Financing Receivables | — | 919 |
— | 354 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 147 |
Income on Loans and Leases (TE) | 7,262 | 6,496 |
Investment Interest Income (TE) | 360 | 3,479 |
Total Interest Income (TE) | 8,320 | 9,035 |
Total Interest Expense | 2,350 | 2,673 |
Net Interest Income (TE) | 5,970 | 6,006 |
Non-Interest Income | 616 | 2,163 |
Adjusted Operating Income (TE) | 6,586 | 8,471 |
Non-interest Expense | 4,240 | 4,530 |
Provision for Loan & Lease Losses | — | 350 |
Pretax Operating Income (TE) | 2,346 | 7,402 |
Pretax Net Operating Income (TE) | 2,346 | 7,466 |
Applicable Income Taxes | 985 | 2,607 |
Net Operating Income | 1,361 | 4,944 |
Net Income | 1,361 | 4,944 |
Cash Dividends Declared | — | 8,875 |
Retained Earnings | 1,361 | 2,629 |