Northway State Bank
Grayslake, IL — Domestic Branch of a Domestic Bank
Acquired Nov 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Northway State Bank | All Insured Commercial Banks in Illinois |
Interest and Fees on Loans | 1,947 | 5,401 |
Income from Lease Financing Receivables | — | 1,364 |
— | 118 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 61 |
Income on Loans and Leases (TE) | 1,947 | 5,458 |
Investment Interest Income (TE) | 122 | 1,242 |
Total Interest Income (TE) | 2,069 | 6,762 |
Total Interest Expense | 671 | 2,322 |
Net Interest Income (TE) | 1,398 | 4,468 |
Non-Interest Income | 119 | 850 |
Adjusted Operating Income (TE) | 1,517 | 5,376 |
Non-interest Expense | 1,236 | 3,160 |
Provision for Loan & Lease Losses | — | 507 |
Pretax Operating Income (TE) | 305 | 7,604 |
Pretax Net Operating Income (TE) | 305 | 7,806 |
Applicable Income Taxes | 115 | 2,617 |
Net Operating Income | 190 | 5,239 |
Net Income | 190 | 5,239 |
Cash Dividends Declared | — | 2,841 |
Retained Earnings | 190 | 3,686 |