Net Income Analysis ( % relative to Total Revenue )
Income Statement Stoughton Co-Operative Bank All Insured Commercial Banks in Massachusetts
Interest and Fees on Loans 2,576 34,650
Income from Lease Financing Receivables — 0
— 299
Estimated Tax Benefit from Tax-Exempt Loan Income — 159
Income on Loans and Leases (TE) 2,576 35,259
Investment Interest Income (TE) 991 3,997
Total Interest Income (TE) 3,619 39,846
Total Interest Expense 902 4,360
Net Interest Income (TE) 2,717 35,029
Non-Interest Income 276 8,220
Adjusted Operating Income (TE) 2,993 43,184
Non-interest Expense 2,612 28,480
Provision for Loan & Lease Losses — 964
Pretax Operating Income (TE) 381 13,638
Pretax Net Operating Income (TE) 519 13,750
Applicable Income Taxes 48 3,897
Net Operating Income 340 8,937
Net Income 340 8,869
Cash Dividends Declared — 3,144
Retained Earnings 340 5,501