Summit Bank
Burlington, WA — Non-member Bank
Acquired May 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 24,447 |
Income from Lease Financing Receivables | 0 |
207 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 111 |
Income on Loans and Leases (TE) | 24,634 |
Investment Interest Income (TE) | 2,871 |
Total Interest Income (TE) | 28,142 |
Total Interest Expense | 1,306 |
Net Interest Income (TE) | 26,604 |
Non-Interest Income | 6,407 |
Adjusted Operating Income (TE) | 37,420 |
Non-interest Expense | 22,720 |
Provision for Loan & Lease Losses | 436 |
Pretax Operating Income (TE) | 11,630 |
Pretax Net Operating Income (TE) | 11,743 |
Applicable Income Taxes | 3,494 |
Net Operating Income | 7,757 |
Net Income | 7,757 |
Cash Dividends Declared | 2,377 |
Retained Earnings | 3,364 |