Spirit Of America National Bank
Milford, OH — National Bank
Acquired Oct 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Spirit Of America National Bank | All Insured Commercial Banks in Ohio |
Interest and Fees on Loans | — | 21,601 |
Income from Lease Financing Receivables | — | 117,098 |
— | 2,881 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 1,374 |
Income on Loans and Leases (TE) | — | 22,174 |
Investment Interest Income (TE) | 61 | 4,309 |
Total Interest Income (TE) | 74 | 11,872 |
Total Interest Expense | 29 | 3,749 |
Net Interest Income (TE) | 45 | 8,125 |
Non-Interest Income | 17,112 | 6,172 |
Adjusted Operating Income (TE) | 17,157 | 16,246 |
Non-interest Expense | 3,210 | 6,811 |
Provision for Loan & Lease Losses | — | 218,173 |
Pretax Operating Income (TE) | 13,947 | 118,385 |
Pretax Net Operating Income (TE) | 13,947 | 126,105 |
Applicable Income Taxes | 5,309 | 44,180 |
Net Operating Income | 8,638 | 86,462 |
Net Income | 8,638 | 86,835 |
Cash Dividends Declared | 4,440 | 172,069 |
Retained Earnings | 4,198 | 29,497 |