The Rockport National Bank
Rockport, MA — Domestic Branch of a Domestic Bank
Acquired Aug 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Rockport National Bank | All Insured Commercial Banks in Massachusetts |
Interest and Fees on Loans | 3,465 | 13,428 |
Income from Lease Financing Receivables | — | 9 |
— | 93 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 49 |
Income on Loans and Leases (TE) | 3,465 | 13,648 |
Investment Interest Income (TE) | 353 | 1,738 |
Total Interest Income (TE) | 3,844 | 15,532 |
Total Interest Expense | 233 | 1,779 |
Net Interest Income (TE) | 3,611 | 13,566 |
Non-Interest Income | 473 | 3,192 |
Adjusted Operating Income (TE) | 4,084 | 16,734 |
Non-interest Expense | 3,465 | 11,053 |
Provision for Loan & Lease Losses | 50 | 269 |
Pretax Operating Income (TE) | 569 | 5,257 |
Pretax Net Operating Income (TE) | 569 | 5,370 |
Applicable Income Taxes | 199 | 1,579 |
Net Operating Income | 360 | 3,549 |
Net Income | 360 | 3,529 |
Cash Dividends Declared | 141 | 1,091 |
Retained Earnings | 219 | 2,222 |