Shore United Bank
Easton, MD — State Member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Shore United Bank | All Insured Commercial Banks in Maryland |
Interest and Fees on Loans | 37,201 | 26,755 |
Income from Lease Financing Receivables | — | 11 |
344 | 96 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 182 | 47 |
Income on Loans and Leases (TE) | 37,383 | 26,874 |
Investment Interest Income (TE) | 2,953 | 1,967 |
Total Interest Income (TE) | 40,717 | 29,482 |
Total Interest Expense | 2,407 | 3,317 |
Net Interest Income (TE) | 38,310 | 26,146 |
Non-Interest Income | 7,577 | 6,777 |
Adjusted Operating Income (TE) | 45,887 | 33,615 |
Non-interest Expense | 28,874 | 22,749 |
Provision for Loan & Lease Losses | 1,848 | 1,334 |
Pretax Operating Income (TE) | 15,165 | 9,401 |
Pretax Net Operating Income (TE) | 15,195 | 9,540 |
Applicable Income Taxes | 5,887 | 2,919 |
Net Operating Income | 9,122 | 6,445 |
Net Income | 9,122 | 6,445 |
Cash Dividends Declared | 680 | 2,002 |
Retained Earnings | 8,442 | 3,243 |