Norway Savings Bank
Norway, ME — State Savings Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Norway Savings Bank | All Insured Savings Banks in Maine |
Interest and Fees on Loans | 39,103 | 25,340 |
Income from Lease Financing Receivables | 146 | 87 |
152 | 240 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 81 | 127 |
Income on Loans and Leases (TE) | 39,330 | 25,554 |
Investment Interest Income (TE) | 2,729 | 2,412 |
Total Interest Income (TE) | 42,274 | 28,214 |
Total Interest Expense | 2,538 | 3,298 |
Net Interest Income (TE) | 39,736 | 24,916 |
Non-Interest Income | 8,087 | 6,138 |
Adjusted Operating Income (TE) | 47,823 | 31,054 |
Non-interest Expense | 36,219 | 22,912 |
Provision for Loan & Lease Losses | 50 | 352 |
Pretax Operating Income (TE) | 11,554 | 7,790 |
Pretax Net Operating Income (TE) | 14,538 | 8,263 |
Applicable Income Taxes | 3,917 | 2,216 |
Net Operating Income | 10,276 | 5,757 |
Net Income | 10,276 | 5,752 |
Cash Dividends Declared | — | 5 |
Retained Earnings | 10,276 | 5,746 |