Strata Bank
Medway, MA — Domestic Branch of a Domestic Bank
Acquired Jul 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Strata Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 8,879 | 8,880 |
Income from Lease Financing Receivables | — | — |
— | 610 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 316 |
Income on Loans and Leases (TE) | 8,879 | 8,892 |
Investment Interest Income (TE) | 746 | 2,019 |
Total Interest Income (TE) | 9,646 | 11,057 |
Total Interest Expense | 4,581 | 4,568 |
Net Interest Income (TE) | 5,065 | 6,495 |
Non-Interest Income | — | 1,456 |
Adjusted Operating Income (TE) | 3,837 | 7,752 |
Non-interest Expense | 6,568 | 6,211 |
Provision for Loan & Lease Losses | 3,482 | 812 |
Pretax Operating Income (TE) | — | 2,009 |
Pretax Net Operating Income (TE) | — | 2,034 |
Applicable Income Taxes | — | 671 |
Net Operating Income | — | 1,305 |
Net Income | — | 1,298 |
Cash Dividends Declared | — | 2,298 |
Retained Earnings | — | 1,190 |