Pierce Commercial Bank
Tacoma, WA — State Member Bank
Acquired Nov 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Pierce Commercial Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 7,761 | 12,730 |
Income from Lease Financing Receivables | — | 5 |
— | 42 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 8 |
Income on Loans and Leases (TE) | 7,761 | 12,840 |
Investment Interest Income (TE) | 130 | 1,095 |
Total Interest Income (TE) | 7,987 | 14,279 |
Total Interest Expense | 2,878 | 3,258 |
Net Interest Income (TE) | 5,109 | 10,806 |
Non-Interest Income | 111 | 1,900 |
Adjusted Operating Income (TE) | 5,220 | 12,732 |
Non-interest Expense | 6,669 | 9,904 |
Provision for Loan & Lease Losses | 3,782 | 4,155 |
Pretax Operating Income (TE) | -5,231 | -1,140 |
Pretax Net Operating Income (TE) | -5,231 | -1,078 |
Applicable Income Taxes | 3,029 | 336 |
Net Operating Income | -8,260 | -1,299 |
Net Income | -8,260 | -1,303 |
Cash Dividends Declared | — | 132 |
Retained Earnings | -8,260 | -1,516 |