The Provident Bank
Amesbury, MA — State Savings Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Provident Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 25,414 | 22,507 |
Income from Lease Financing Receivables | — | 0 |
13 | 12 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 7 | 5 |
Income on Loans and Leases (TE) | 25,421 | 22,524 |
Investment Interest Income (TE) | 3,866 | 2,367 |
Total Interest Income (TE) | 29,320 | 25,271 |
Total Interest Expense | 2,934 | 3,912 |
Net Interest Income (TE) | 26,386 | 21,140 |
Non-Interest Income | 4,346 | 4,299 |
Adjusted Operating Income (TE) | 30,732 | 27,158 |
Non-interest Expense | 20,817 | 19,697 |
Provision for Loan & Lease Losses | 703 | 554 |
Pretax Operating Income (TE) | 9,212 | 6,325 |
Pretax Net Operating Income (TE) | 9,902 | 6,941 |
Applicable Income Taxes | 3,016 | 1,880 |
Net Operating Income | 6,325 | 4,661 |
Net Income | 6,325 | 4,648 |
Cash Dividends Declared | — | 46 |
Retained Earnings | 6,325 | 4,164 |