Rainier Pacific Bank
Tacoma, WA — State Savings Bank
Acquired Feb 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Rainier Pacific Bank | All Insured Savings Banks in Washington |
Interest and Fees on Loans | 38,124 | 38,373 |
Income from Lease Financing Receivables | — | — |
— | — | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | — |
Income on Loans and Leases (TE) | 38,124 | 38,373 |
Investment Interest Income (TE) | 3,068 | 2,579 |
Total Interest Income (TE) | 41,301 | 41,199 |
Total Interest Expense | 20,537 | 22,679 |
Net Interest Income (TE) | 20,764 | 18,520 |
Non-Interest Income | 10,641 | 17,987 |
Adjusted Operating Income (TE) | 31,405 | 34,466 |
Non-interest Expense | 28,207 | 31,880 |
Provision for Loan & Lease Losses | 14,700 | 34,742 |
Pretax Operating Income (TE) | -11,502 | -34,834 |
Pretax Net Operating Income (TE) | -55,016 | -54,431 |
Applicable Income Taxes | 13,953 | -8,185 |
Net Operating Income | -68,969 | -46,326 |
Net Income | -68,969 | -46,326 |
Cash Dividends Declared | — | 367 |
Retained Earnings | -68,969 | -46,477 |