The Milford Bank
Milford, CT — State Savings Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Milford Bank | All Insured Savings Banks in Connecticut |
Interest and Fees on Loans | 13,520 | 30,883 |
Income from Lease Financing Receivables | — | 2 |
— | 32 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 16 |
Income on Loans and Leases (TE) | 13,520 | 30,904 |
Investment Interest Income (TE) | 433 | 3,080 |
Total Interest Income (TE) | 14,044 | 34,631 |
Total Interest Expense | 725 | 4,711 |
Net Interest Income (TE) | 13,319 | 29,919 |
Non-Interest Income | 2,280 | 9,078 |
Adjusted Operating Income (TE) | 15,599 | 38,915 |
Non-interest Expense | 14,061 | 30,204 |
Provision for Loan & Lease Losses | 96 | 858 |
Pretax Operating Income (TE) | 1,442 | 7,965 |
Pretax Net Operating Income (TE) | 1,442 | 9,672 |
Applicable Income Taxes | 370 | 2,335 |
Net Operating Income | 1,069 | 6,676 |
Net Income | 1,069 | 6,667 |
Cash Dividends Declared | — | 15 |
Retained Earnings | 1,069 | 6,645 |