Reliance Bank
White Plains, NY — Non-member Bank
Acquired Mar 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Reliance Bank | All Insured Commercial Banks in New York |
Interest and Fees on Loans | 1,034 | 337,206 |
Income from Lease Financing Receivables | — | 118,935 |
— | 2,278 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 1,092 |
Income on Loans and Leases (TE) | 1,034 | 355,437 |
Investment Interest Income (TE) | 195 | 12,045 |
Total Interest Income (TE) | 1,254 | 37,416 |
Total Interest Expense | 530 | 12,699 |
Net Interest Income (TE) | 724 | 24,721 |
Non-Interest Income | 155 | 319,036 |
Adjusted Operating Income (TE) | 879 | 39,072 |
Non-interest Expense | 2,031 | 24,063 |
Provision for Loan & Lease Losses | 1,184 | 65,595 |
Pretax Operating Income (TE) | — | 205,261 |
Pretax Net Operating Income (TE) | — | 218,021 |
Applicable Income Taxes | 3 | 70,605 |
Net Operating Income | — | 142,403 |
Net Income | — | 142,404 |
Cash Dividends Declared | — | 133,678 |
Retained Earnings | — | 66,293 |