Reading Co-Operative Bank
Reading, MA — State Member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Reading Co-Operative Bank | All Insured Commercial Banks in Massachusetts |
Interest and Fees on Loans | 16,392 | 34,650 |
Income from Lease Financing Receivables | — | 0 |
— | 299 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 159 |
Income on Loans and Leases (TE) | 16,392 | 35,259 |
Investment Interest Income (TE) | 2,171 | 3,997 |
Total Interest Income (TE) | 18,829 | 39,846 |
Total Interest Expense | 2,028 | 4,360 |
Net Interest Income (TE) | 16,801 | 35,029 |
Non-Interest Income | 2,609 | 8,220 |
Adjusted Operating Income (TE) | 19,410 | 43,184 |
Non-interest Expense | 14,983 | 28,480 |
Provision for Loan & Lease Losses | 382 | 964 |
Pretax Operating Income (TE) | 4,045 | 13,638 |
Pretax Net Operating Income (TE) | 4,383 | 13,750 |
Applicable Income Taxes | 1,274 | 3,897 |
Net Operating Income | 2,795 | 8,937 |
Net Income | 2,795 | 8,869 |
Cash Dividends Declared | — | 3,144 |
Retained Earnings | 2,795 | 5,501 |