Net Income Analysis ( % relative to Total Revenue )
Income Statement Pilgrim Bank All Insured Savings Banks in Massachusetts
Interest and Fees on Loans 7,880 22,507
Income from Lease Financing Receivables — 0
— 12
Estimated Tax Benefit from Tax-Exempt Loan Income — 5
Income on Loans and Leases (TE) 7,880 22,524
Investment Interest Income (TE) 264 2,367
Total Interest Income (TE) 8,245 25,271
Total Interest Expense 1,640 3,912
Net Interest Income (TE) 6,605 21,140
Non-Interest Income 344 4,299
Adjusted Operating Income (TE) 6,949 27,158
Non-interest Expense 5,219 19,697
Provision for Loan & Lease Losses 170 554
Pretax Operating Income (TE) 1,560 6,325
Pretax Net Operating Income (TE) 1,591 6,941
Applicable Income Taxes 618 1,880
Net Operating Income 951 4,661
Net Income 951 4,648
Cash Dividends Declared — 46
Retained Earnings 951 4,164