Ridgestone Bank
Brookfield, WI — Domestic Branch of a Domestic Bank
Acquired Oct 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Ridgestone Bank | All Insured Commercial Banks in Wisconsin |
Interest and Fees on Loans | 21,908 | 6,515 |
Income from Lease Financing Receivables | — | 1 |
— | 60 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 30 |
Income on Loans and Leases (TE) | 21,908 | 6,555 |
Investment Interest Income (TE) | 327 | 903 |
Total Interest Income (TE) | 22,309 | 7,623 |
Total Interest Expense | 2,632 | 768 |
Net Interest Income (TE) | 19,677 | 6,804 |
Non-Interest Income | 31,364 | 1,374 |
Adjusted Operating Income (TE) | 51,041 | 8,300 |
Non-interest Expense | 23,465 | 5,173 |
Provision for Loan & Lease Losses | 3,444 | 134 |
Pretax Operating Income (TE) | 24,132 | 2,924 |
Pretax Net Operating Income (TE) | 24,132 | 2,963 |
Applicable Income Taxes | 9,381 | 538 |
Net Operating Income | 14,751 | 2,231 |
Net Income | 14,751 | 2,231 |
Cash Dividends Declared | 3,135 | 831 |
Retained Earnings | 11,616 | 1,229 |