Sterling National Bank
Montebello, NY — National Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sterling National Bank | All Insured Commercial Banks in New York |
Interest and Fees on Loans | 390,847 | 41,190 |
Income from Lease Financing Receivables | — | 11 |
8,578 | 99 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 4,467 | 52 |
Income on Loans and Leases (TE) | 395,314 | 41,538 |
Investment Interest Income (TE) | 78,337 | 6,772 |
Total Interest Income (TE) | 478,146 | 51,262 |
Total Interest Expense | 51,900 | 6,465 |
Net Interest Income (TE) | 426,246 | 44,373 |
Non-Interest Income | 61,055 | 11,435 |
Adjusted Operating Income (TE) | 487,301 | 60,531 |
Non-interest Expense | 239,779 | 38,074 |
Provision for Loan & Lease Losses | 20,000 | 2,203 |
Pretax Operating Income (TE) | 227,522 | 19,351 |
Pretax Net Operating Income (TE) | 235,044 | 20,027 |
Applicable Income Taxes | 71,067 | 5,930 |
Net Operating Income | 147,360 | 13,255 |
Net Income | 147,360 | 13,254 |
Cash Dividends Declared | 60,001 | 2,280 |
Retained Earnings | 87,359 | 7,706 |