Net Income Analysis ( % relative to Total Revenue )
Income Statement The National Bank Of Middlebury All Insured Commercial Banks in Vermont
Interest and Fees on Loans 8,922 18,591
Income from Lease Financing Receivables — 0
120 568
Estimated Tax Benefit from Tax-Exempt Loan Income 61 302
Income on Loans and Leases (TE) 8,983 18,893
Investment Interest Income (TE) 1,507 2,643
Total Interest Income (TE) 10,624 21,740
Total Interest Expense 429 1,459
Net Interest Income (TE) 10,195 20,281
Non-Interest Income 3,048 6,349
Adjusted Operating Income (TE) 13,243 26,630
Non-interest Expense 10,518 18,268
Provision for Loan & Lease Losses 30 264
Pretax Operating Income (TE) 2,695 8,098
Pretax Net Operating Income (TE) 2,871 8,202
Applicable Income Taxes 677 1,836
Net Operating Income 2,112 5,772
Net Income 2,112 5,772
Cash Dividends Declared 762 2,758
Retained Earnings 1,350 3,013