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 |