Simplicity Bank
Covina, CA — Domestic Branch of a Domestic Bank
Acquired Mar 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Simplicity Bank | All Insured Savings Banks in California |
Interest and Fees on Loans | 31,180 | 38,068 |
Income from Lease Financing Receivables | — | 0 |
— | 0 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 0 |
Income on Loans and Leases (TE) | 31,180 | 38,068 |
Investment Interest Income (TE) | 733 | 5,962 |
Total Interest Income (TE) | 32,477 | 45,176 |
Total Interest Expense | 6,648 | 7,698 |
Net Interest Income (TE) | 25,829 | 37,478 |
Non-Interest Income | 5,102 | 14,227 |
Adjusted Operating Income (TE) | 30,931 | 51,705 |
Non-interest Expense | 22,812 | 28,756 |
Provision for Loan & Lease Losses | -1,150 | 213 |
Pretax Operating Income (TE) | 9,269 | 22,737 |
Pretax Net Operating Income (TE) | 9,269 | 22,481 |
Applicable Income Taxes | 3,607 | 7,686 |
Net Operating Income | 5,662 | 14,636 |
Net Income | 5,662 | 14,636 |
Cash Dividends Declared | — | 6,233 |
Retained Earnings | 5,662 | 8,403 |