The Merchants National Bank
Hillsboro, OH — National Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Merchants National Bank | All Insured Commercial Banks in Ohio |
Interest and Fees on Loans | 25,781 | 11,386 |
Income from Lease Financing Receivables | — | 4 |
335 | 64 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 180 | 32 |
Income on Loans and Leases (TE) | 25,961 | 11,434 |
Investment Interest Income (TE) | 1,238 | 1,894 |
Total Interest Income (TE) | 27,680 | 13,519 |
Total Interest Expense | 3,399 | 1,284 |
Net Interest Income (TE) | 24,281 | 12,235 |
Non-Interest Income | 3,027 | 3,344 |
Adjusted Operating Income (TE) | 27,308 | 15,563 |
Non-interest Expense | 15,130 | 10,269 |
Provision for Loan & Lease Losses | 499 | 364 |
Pretax Operating Income (TE) | 11,679 | 4,973 |
Pretax Net Operating Income (TE) | 11,679 | 5,081 |
Applicable Income Taxes | 3,639 | 1,163 |
Net Operating Income | 7,603 | 3,580 |
Net Income | 7,603 | 3,580 |
Cash Dividends Declared | 5,190 | 1,534 |
Retained Earnings | 2,413 | 1,881 |