Sequoia National Bank, Md
Bethesda, MD — Domestic Branch of a Domestic Bank
Acquired Oct 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sequoia National Bank, Md | All Insured Commercial Banks in Maryland |
Interest and Fees on Loans | 17,189 | 10,632 |
Income from Lease Financing Receivables | 212 | 1,748 |
— | 162 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 73 |
Income on Loans and Leases (TE) | 17,401 | 10,744 |
Investment Interest Income (TE) | 4,404 | 2,152 |
Total Interest Income (TE) | 21,955 | 13,047 |
Total Interest Expense | 6,333 | 3,377 |
Net Interest Income (TE) | 15,622 | 9,680 |
Non-Interest Income | 2,522 | 2,254 |
Adjusted Operating Income (TE) | 18,144 | 11,915 |
Non-interest Expense | 13,685 | 7,008 |
Provision for Loan & Lease Losses | 310 | 601 |
Pretax Operating Income (TE) | 4,149 | 7,046 |
Pretax Net Operating Income (TE) | 4,544 | 7,272 |
Applicable Income Taxes | 1,517 | 2,393 |
Net Operating Income | 2,960 | 4,781 |
Net Income | 2,960 | 4,781 |
Cash Dividends Declared | 487 | 5,541 |
Retained Earnings | 2,473 | 2,501 |