The Fidelity Bank
Hagerstown, MD — Domestic Branch of a Domestic Bank
Acquired Apr 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Fidelity Bank | All Insured Commercial Banks in Maryland |
Interest and Fees on Loans | 2,972 | 4,776 |
Income from Lease Financing Receivables | — | 626 |
4 | 83 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 40 |
Income on Loans and Leases (TE) | 2,972 | 4,836 |
Investment Interest Income (TE) | 273 | 851 |
Total Interest Income (TE) | 3,304 | 5,283 |
Total Interest Expense | 614 | 1,367 |
Net Interest Income (TE) | 2,690 | 3,894 |
Non-Interest Income | 548 | 965 |
Adjusted Operating Income (TE) | 3,238 | 4,868 |
Non-interest Expense | 2,363 | 2,852 |
Provision for Loan & Lease Losses | — | 215 |
Pretax Operating Income (TE) | 875 | 3,180 |
Pretax Net Operating Income (TE) | 875 | 3,177 |
Applicable Income Taxes | 342 | 1,124 |
Net Operating Income | 533 | 2,032 |
Net Income | 533 | 2,032 |
Cash Dividends Declared | 401 | 1,915 |
Retained Earnings | 132 | 1,271 |