Net Income Analysis ( % relative to Total Revenue )
Income Statement Peoples Federal Savings Bank All Insured Savings Banks in Massachusetts
Interest and Fees on Loans 19,090 17,896
Income from Lease Financing Receivables — 0
— 4
Estimated Tax Benefit from Tax-Exempt Loan Income — 2
Income on Loans and Leases (TE) 19,090 17,937
Investment Interest Income (TE) 953 2,417
Total Interest Income (TE) 20,158 20,645
Total Interest Expense 2,656 3,305
Net Interest Income (TE) 17,502 17,222
Non-Interest Income 1,575 3,380
Adjusted Operating Income (TE) 19,077 21,480
Non-interest Expense 12,331 16,493
Provision for Loan & Lease Losses — 474
Pretax Operating Income (TE) 6,746 4,191
Pretax Net Operating Income (TE) 6,749 4,999
Applicable Income Taxes 2,796 1,377
Net Operating Income 3,953 3,306
Net Income 3,953 3,275
Cash Dividends Declared — 119
Retained Earnings 3,953 2,784