The Bank Of Southern Connecticut
New Haven, CT — Domestic Branch of a Domestic Bank
Acquired Jun 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Bank Of Southern Connecticut | All Insured Commercial Banks in Connecticut |
Interest and Fees on Loans | 1,341 | 2,751 |
Income from Lease Financing Receivables | — | 12 |
— | 3 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 1,341 | 2,764 |
Investment Interest Income (TE) | — | 458 |
Total Interest Income (TE) | 1,358 | 3,269 |
Total Interest Expense | 220 | 386 |
Net Interest Income (TE) | 1,138 | 2,883 |
Non-Interest Income | 124 | 547 |
Adjusted Operating Income (TE) | 1,262 | 3,429 |
Non-interest Expense | 1,319 | 2,932 |
Provision for Loan & Lease Losses | — | 112 |
Pretax Operating Income (TE) | -57 | 386 |
Pretax Net Operating Income (TE) | -57 | 456 |
Applicable Income Taxes | — | 173 |
Net Operating Income | -57 | 223 |
Net Income | -57 | 223 |
Cash Dividends Declared | — | 119 |
Retained Earnings | -57 | 104 |