The Lenox National Bank
Lenox, MA — Domestic Branch of a Domestic Bank
Acquired Oct 2015
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | The Lenox National Bank | All Insured Commercial Banks in Massachusetts |
| Interest and Fees on Loans | 879 | 25,661 |
| Income from Lease Financing Receivables | — | 20 |
| — | 160 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 86 |
| Income on Loans and Leases (TE) | 879 | 26,042 |
| Investment Interest Income (TE) | 646 | 3,352 |
| Total Interest Income (TE) | 1,564 | 29,651 |
| Total Interest Expense | 260 | 3,231 |
| Net Interest Income (TE) | 1,304 | 26,059 |
| Non-Interest Income | 80 | 6,441 |
| Adjusted Operating Income (TE) | 1,384 | 32,462 |
| Non-interest Expense | 1,300 | 21,833 |
| Provision for Loan & Lease Losses | -30 | 335 |
| Pretax Operating Income (TE) | 114 | 10,062 |
| Pretax Net Operating Income (TE) | 114 | 10,313 |
| Applicable Income Taxes | 139 | 2,862 |
| Net Operating Income | -25 | 6,894 |
| Net Income | -25 | 6,866 |
| Cash Dividends Declared | 25 | 1,007 |
| Retained Earnings | -50 | 4,836 |