Net Income Analysis ( % relative to Total Revenue )
Income Statement The Adirondack Trust Company All Insured Commercial Banks in New York
Interest and Fees on Loans 19,740 35,323
Income from Lease Financing Receivables — 21
64 86
Estimated Tax Benefit from Tax-Exempt Loan Income 34 39
Income on Loans and Leases (TE) 19,774 35,615
Investment Interest Income (TE) 3,291 5,820
Total Interest Income (TE) 23,282 44,196
Total Interest Expense 1,001 5,278
Net Interest Income (TE) 22,281 38,608
Non-Interest Income 15,602 9,112
Adjusted Operating Income (TE) 37,883 54,454
Non-interest Expense 28,798 33,757
Provision for Loan & Lease Losses 750 1,439
Pretax Operating Income (TE) 8,335 17,987
Pretax Net Operating Income (TE) 8,334 18,652
Applicable Income Taxes 2,517 6,225
Net Operating Income 5,516 11,609
Net Income 5,516 11,608
Cash Dividends Declared 1,949 1,753
Retained Earnings 3,567 5,838