Net Income Analysis ( % relative to Total Revenue )
Income Statement Norwood Co-Operative Bank All Insured Savings Banks in Massachusetts
Interest and Fees on Loans 14,188 22,507
Income from Lease Financing Receivables — 0
— 12
Estimated Tax Benefit from Tax-Exempt Loan Income — 5
Income on Loans and Leases (TE) 14,188 22,524
Investment Interest Income (TE) 1,084 2,367
Total Interest Income (TE) 15,364 25,271
Total Interest Expense 2,858 3,912
Net Interest Income (TE) 12,506 21,140
Non-Interest Income 1,949 4,299
Adjusted Operating Income (TE) 14,455 27,158
Non-interest Expense 10,439 19,697
Provision for Loan & Lease Losses 180 554
Pretax Operating Income (TE) 3,836 6,325
Pretax Net Operating Income (TE) 3,845 6,941
Applicable Income Taxes 1,345 1,880
Net Operating Income 2,500 4,661
Net Income 2,500 4,648
Cash Dividends Declared — 46
Retained Earnings 2,500 4,164