Net Income Analysis ( % relative to Total Revenue )
Income Statement Slade's Ferry Trust Company All Insured Commercial Banks in Massachusetts
Interest and Fees on Loans 30,072 47,314
Income from Lease Financing Receivables — 6,305
— 814
Estimated Tax Benefit from Tax-Exempt Loan Income — 334
Income on Loans and Leases (TE) 30,072 48,022
Investment Interest Income (TE) 5,565 10,756
Total Interest Income (TE) 36,603 48,826
Total Interest Expense 17,187 21,798
Net Interest Income (TE) 19,416 27,028
Non-Interest Income 1,568 23,782
Adjusted Operating Income (TE) 20,984 50,786
Non-interest Expense 14,638 37,748
Provision for Loan & Lease Losses 361 1,151
Pretax Operating Income (TE) 5,985 74,730
Pretax Net Operating Income (TE) 6,501 74,710
Applicable Income Taxes 2,315 24,931
Net Operating Income 4,094 47,031
Net Income 4,094 47,203
Cash Dividends Declared 6,136 7,581
Retained Earnings — 45,323