Ocean City Home Bank
Ocean City, NJ — Domestic Branch of a Domestic Bank
Acquired Dec 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Ocean City Home Bank | All Insured Savings Banks in New Jersey |
Interest and Fees on Loans | 24,438 | 19,490 |
Income from Lease Financing Receivables | — | 0 |
— | 4 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 24,438 | 19,494 |
Investment Interest Income (TE) | 1,434 | 3,972 |
Total Interest Income (TE) | 26,439 | 23,812 |
Total Interest Expense | 4,592 | 5,185 |
Net Interest Income (TE) | 21,847 | 18,630 |
Non-Interest Income | 3,044 | 2,575 |
Adjusted Operating Income (TE) | 24,891 | 26,425 |
Non-interest Expense | 16,642 | 17,387 |
Provision for Loan & Lease Losses | 463 | 397 |
Pretax Operating Income (TE) | 7,786 | 6,629 |
Pretax Net Operating Income (TE) | 7,823 | 6,821 |
Applicable Income Taxes | 2,589 | 2,076 |
Net Operating Income | 5,232 | 4,653 |
Net Income | 5,232 | 4,653 |
Cash Dividends Declared | 3,000 | 282 |
Retained Earnings | 2,232 | 4,086 |