Shrewsbury State Bank
Shrewsbury, NJ — Domestic Branch of a Domestic Bank
Acquired Mar 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Shrewsbury State Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 14,617 | 27,042 |
Income from Lease Financing Receivables | — | 2,996 |
1 | 1,071 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 530 |
Income on Loans and Leases (TE) | 14,617 | 27,834 |
Investment Interest Income (TE) | 4,996 | 9,709 |
Total Interest Income (TE) | 19,821 | 29,098 |
Total Interest Expense | 3,158 | 7,532 |
Net Interest Income (TE) | 16,663 | 21,448 |
Non-Interest Income | 4,094 | 8,954 |
Adjusted Operating Income (TE) | 20,757 | 31,588 |
Non-interest Expense | 11,605 | 17,160 |
Provision for Loan & Lease Losses | 120 | 1,642 |
Pretax Operating Income (TE) | 9,032 | 26,993 |
Pretax Net Operating Income (TE) | 9,032 | 28,177 |
Applicable Income Taxes | 3,006 | 9,515 |
Net Operating Income | 5,906 | 18,820 |
Net Income | 5,906 | 18,820 |
Cash Dividends Declared | 2,006 | 17,932 |
Retained Earnings | 3,900 | 10,092 |