Shorebank, Pacific
Ilwaco, WA — Domestic Branch of a Domestic Bank
Acquired Dec 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Shorebank, Pacific | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 4,966 | 12,730 |
Income from Lease Financing Receivables | 6 | 5 |
6 | 42 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 8 |
Income on Loans and Leases (TE) | 4,972 | 12,840 |
Investment Interest Income (TE) | 2,129 | 1,095 |
Total Interest Income (TE) | 7,137 | 14,279 |
Total Interest Expense | 2,272 | 3,258 |
Net Interest Income (TE) | 4,865 | 10,806 |
Non-Interest Income | 183 | 1,900 |
Adjusted Operating Income (TE) | 5,048 | 12,732 |
Non-interest Expense | 4,120 | 9,904 |
Provision for Loan & Lease Losses | 2,370 | 4,155 |
Pretax Operating Income (TE) | -1,442 | -1,140 |
Pretax Net Operating Income (TE) | -1,202 | -1,078 |
Applicable Income Taxes | 225 | 336 |
Net Operating Income | -1,427 | -1,299 |
Net Income | -1,427 | -1,303 |
Cash Dividends Declared | — | 132 |
Retained Earnings | -1,427 | -1,516 |