The Towne Center Bank
Lodi, NJ — Domestic Branch of a Domestic Bank
Acquired Oct 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Towne Center Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 2,186 | 15,880 |
Income from Lease Financing Receivables | — | 2,231 |
— | 847 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 429 |
Income on Loans and Leases (TE) | 2,186 | 16,250 |
Investment Interest Income (TE) | 53 | 6,893 |
Total Interest Income (TE) | 2,239 | 20,713 |
Total Interest Expense | 273 | 5,192 |
Net Interest Income (TE) | 1,966 | 15,535 |
Non-Interest Income | 88 | 5,244 |
Adjusted Operating Income (TE) | 2,054 | 23,014 |
Non-interest Expense | 1,527 | 12,602 |
Provision for Loan & Lease Losses | 49 | 1,227 |
Pretax Operating Income (TE) | 478 | 19,607 |
Pretax Net Operating Income (TE) | 478 | 20,428 |
Applicable Income Taxes | 192 | 7,030 |
Net Operating Income | 286 | 13,621 |
Net Income | 286 | 13,621 |
Cash Dividends Declared | — | 14,096 |
Retained Earnings | 286 | 7,070 |