The Herndon National Bank
Herndon, PA — National Bank
Acquired Aug 2011
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | The Herndon National Bank | All Insured Commercial Banks in Pennsylvania |
| Interest and Fees on Loans | 299 | 9,351 |
| Income from Lease Financing Receivables | — | 12 |
| — | 171 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 76 |
| Income on Loans and Leases (TE) | 299 | 9,497 |
| Investment Interest Income (TE) | 220 | 2,190 |
| Total Interest Income (TE) | 525 | 11,913 |
| Total Interest Expense | 87 | 2,602 |
| Net Interest Income (TE) | 438 | 9,296 |
| Non-Interest Income | 22 | 2,176 |
| Adjusted Operating Income (TE) | 460 | 11,453 |
| Non-interest Expense | 381 | 7,621 |
| Provision for Loan & Lease Losses | — | 889 |
| Pretax Operating Income (TE) | 79 | 2,967 |
| Pretax Net Operating Income (TE) | 79 | 3,072 |
| Applicable Income Taxes | — | 678 |
| Net Operating Income | 52 | 2,087 |
| Net Income | 52 | 2,087 |
| Cash Dividends Declared | — | 634 |
| Retained Earnings | 52 | 1,293 |