Net Income Analysis ( % relative to Total Revenue )
Income Statement Peninsula Bank All Insured Commercial Banks in Maryland
Interest and Fees on Loans 20,871 7,908
Income from Lease Financing Receivables — 1,222
114 117
Estimated Tax Benefit from Tax-Exempt Loan Income 51 59
Income on Loans and Leases (TE) 20,922 8,016
Investment Interest Income (TE) 1,747 1,633
Total Interest Income (TE) 22,707 8,968
Total Interest Expense 3,622 2,115
Net Interest Income (TE) 19,085 6,856
Non-Interest Income 3,352 1,725
Adjusted Operating Income (TE) 22,437 8,564
Non-interest Expense 9,793 5,161
Provision for Loan & Lease Losses — 443
Pretax Operating Income (TE) 12,644 5,194
Pretax Net Operating Income (TE) 12,644 5,128
Applicable Income Taxes 4,839 1,846
Net Operating Income 7,740 3,304
Net Income 7,740 3,304
Cash Dividends Declared 6,947 4,364
Retained Earnings 793 1,346