The Trust Company Of New Jersey
Jersey City, NJ — Domestic Branch of a Domestic Bank
Acquired May 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Trust Company Of New Jersey | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 32,060 | 5,488 |
Income from Lease Financing Receivables | — | 648 |
228 | 265 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 90 | 131 |
Income on Loans and Leases (TE) | 32,150 | 5,622 |
Investment Interest Income (TE) | 17,941 | 2,562 |
Total Interest Income (TE) | 50,322 | 7,525 |
Total Interest Expense | 16,914 | 1,846 |
Net Interest Income (TE) | 33,408 | 5,672 |
Non-Interest Income | 6,707 | 1,776 |
Adjusted Operating Income (TE) | 40,115 | 8,081 |
Non-interest Expense | 35,037 | 4,540 |
Provision for Loan & Lease Losses | 1,310 | 414 |
Pretax Operating Income (TE) | 3,768 | 6,147 |
Pretax Net Operating Income (TE) | 12,740 | 6,512 |
Applicable Income Taxes | 3,281 | 2,406 |
Net Operating Income | 8,094 | 4,300 |
Net Income | 8,094 | 4,300 |
Cash Dividends Declared | 3,320 | 6,511 |
Retained Earnings | 4,774 | 2,191 |