Superior Savings Of New England, National Association
Branford, CT — Domestic Branch of a Domestic Bank
Acquired Mar 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Superior Savings Of New England, National Association | All Insured Commercial Banks in Connecticut |
Interest and Fees on Loans | 23,092 | 15,270 |
Income from Lease Financing Receivables | — | 3,237 |
— | 57 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 33 |
Income on Loans and Leases (TE) | 23,092 | 15,335 |
Investment Interest Income (TE) | 6,769 | 4,186 |
Total Interest Income (TE) | 52,411 | 21,340 |
Total Interest Expense | 36,449 | 8,958 |
Net Interest Income (TE) | 15,962 | 12,387 |
Non-Interest Income | 219 | 1,724 |
Adjusted Operating Income (TE) | 16,181 | 14,110 |
Non-interest Expense | 2,771 | 9,261 |
Provision for Loan & Lease Losses | 6,363 | 4,250 |
Pretax Operating Income (TE) | 7,047 | 20,639 |
Pretax Net Operating Income (TE) | 7,047 | 20,632 |
Applicable Income Taxes | 2,516 | 6,793 |
Net Operating Income | 4,531 | 13,990 |
Net Income | 4,531 | 13,990 |
Cash Dividends Declared | — | 18,464 |
Retained Earnings | 4,531 | 2,365 |