The National Iron Bank
Salisbury, CT — National Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | The National Iron Bank | All Insured Commercial Banks in Connecticut |
Interest and Fees on Loans | 2,775 | 116,614 |
Income from Lease Financing Receivables | — | 1,400 |
— | 342 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 180 |
Income on Loans and Leases (TE) | 2,775 | 118,194 |
Investment Interest Income (TE) | 788 | 22,956 |
Total Interest Income (TE) | 3,604 | 142,467 |
Total Interest Expense | 230 | 16,873 |
Net Interest Income (TE) | 3,374 | 125,595 |
Non-Interest Income | 608 | 42,281 |
Adjusted Operating Income (TE) | 3,982 | 167,876 |
Non-interest Expense | 3,498 | 108,357 |
Provision for Loan & Lease Losses | — | 6,667 |
Pretax Operating Income (TE) | 484 | 52,852 |
Pretax Net Operating Income (TE) | 501 | 52,716 |
Applicable Income Taxes | — | 15,848 |
Net Operating Income | 482 | 34,827 |
Net Income | 482 | 34,827 |
Cash Dividends Declared | 207 | 26,483 |
Retained Earnings | 275 | 8,344 |