The Harris Bank National Association
Scottsdale, AZ — Domestic Branch of a Domestic Bank
Acquired Jul 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Harris Bank National Association | All Insured Commercial Banks in Arizona |
Interest and Fees on Loans | 11,390 | 5,190 |
Income from Lease Financing Receivables | — | 98 |
— | 4 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 1 |
Income on Loans and Leases (TE) | 11,390 | 5,503 |
Investment Interest Income (TE) | 243 | 607 |
Total Interest Income (TE) | 11,742 | 6,235 |
Total Interest Expense | 1,791 | 1,003 |
Net Interest Income (TE) | 9,951 | 5,179 |
Non-Interest Income | 14,726 | 1,124 |
Adjusted Operating Income (TE) | 24,677 | 6,442 |
Non-interest Expense | 15,979 | 5,216 |
Provision for Loan & Lease Losses | 7,246 | 835 |
Pretax Operating Income (TE) | 1,452 | 463 |
Pretax Net Operating Income (TE) | 1,843 | 570 |
Applicable Income Taxes | 695 | 237 |
Net Operating Income | 1,110 | 344 |
Net Income | 1,110 | 344 |
Cash Dividends Declared | — | 3 |
Retained Earnings | 1,110 | 328 |