Shorebank
Chicago, IL — Non-member Bank
Acquired Aug 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Shorebank | All Insured Commercial Banks in Illinois |
Interest and Fees on Loans | 34,796 | 3,843 |
Income from Lease Financing Receivables | — | 2 |
— | 15 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 6 |
Income on Loans and Leases (TE) | 34,796 | 3,871 |
Investment Interest Income (TE) | 12,445 | 789 |
Total Interest Income (TE) | 47,605 | 4,771 |
Total Interest Expense | 27,509 | 1,324 |
Net Interest Income (TE) | 20,096 | 3,425 |
Non-Interest Income | 303 | 604 |
Adjusted Operating Income (TE) | 20,399 | 4,147 |
Non-interest Expense | 29,411 | 2,800 |
Provision for Loan & Lease Losses | 31,260 | 775 |
Pretax Operating Income (TE) | -40,272 | 554 |
Pretax Net Operating Income (TE) | -39,554 | 617 |
Applicable Income Taxes | — | 83 |
Net Operating Income | -39,554 | 466 |
Net Income | -39,554 | 462 |
Cash Dividends Declared | — | 168 |
Retained Earnings | -39,554 | 224 |