The Lowell Five Cent Savings Bank
Lowell, MA — State Savings Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Lowell Five Cent Savings Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 33,801 | 22,507 |
Income from Lease Financing Receivables | — | 0 |
— | 12 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 5 |
Income on Loans and Leases (TE) | 33,801 | 22,524 |
Investment Interest Income (TE) | 2,754 | 2,367 |
Total Interest Income (TE) | 36,916 | 25,271 |
Total Interest Expense | 3,959 | 3,912 |
Net Interest Income (TE) | 32,957 | 21,140 |
Non-Interest Income | 4,219 | 4,299 |
Adjusted Operating Income (TE) | 37,176 | 27,158 |
Non-interest Expense | 28,346 | 19,697 |
Provision for Loan & Lease Losses | 985 | 554 |
Pretax Operating Income (TE) | 7,845 | 6,325 |
Pretax Net Operating Income (TE) | 8,272 | 6,941 |
Applicable Income Taxes | 2,790 | 1,880 |
Net Operating Income | 5,334 | 4,661 |
Net Income | 5,334 | 4,648 |
Cash Dividends Declared | — | 46 |
Retained Earnings | 5,334 | 4,164 |