Northern Bank & Trust Company
Woburn, MA — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Northern Bank & Trust Company | All Insured Commercial Banks in Massachusetts |
Interest and Fees on Loans | 73,765 | 34,650 |
Income from Lease Financing Receivables | — | 0 |
648 | 299 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 349 | 159 |
Income on Loans and Leases (TE) | 74,114 | 35,259 |
Investment Interest Income (TE) | 760 | 3,997 |
Total Interest Income (TE) | 75,249 | 39,846 |
Total Interest Expense | 9,672 | 4,360 |
Net Interest Income (TE) | 65,577 | 35,029 |
Non-Interest Income | 4,899 | 8,220 |
Adjusted Operating Income (TE) | 70,476 | 43,184 |
Non-interest Expense | 30,051 | 28,480 |
Provision for Loan & Lease Losses | 4,415 | 964 |
Pretax Operating Income (TE) | 36,010 | 13,638 |
Pretax Net Operating Income (TE) | 36,011 | 13,750 |
Applicable Income Taxes | 13,830 | 3,897 |
Net Operating Income | 21,818 | 8,937 |
Net Income | 21,818 | 8,869 |
Cash Dividends Declared | — | 3,144 |
Retained Earnings | 21,818 | 5,501 |