The Warwick Savings Bank
Warwick, NY — Domestic Branch of a Domestic Bank
Acquired Oct 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Warwick Savings Bank | All Insured Savings Banks in New York |
Interest and Fees on Loans | 13,439 | 61,519 |
Income from Lease Financing Receivables | — | 4,254 |
— | 94 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 59 |
Income on Loans and Leases (TE) | 13,439 | 61,701 |
Investment Interest Income (TE) | 9,841 | 25,836 |
Total Interest Income (TE) | 23,906 | 96,290 |
Total Interest Expense | 10,181 | 30,495 |
Net Interest Income (TE) | 13,725 | 62,383 |
Non-Interest Income | 3,079 | 14,336 |
Adjusted Operating Income (TE) | 16,804 | 80,326 |
Non-interest Expense | 13,082 | 31,125 |
Provision for Loan & Lease Losses | 6,016 | 912 |
Pretax Operating Income (TE) | — | 76,793 |
Pretax Net Operating Income (TE) | — | 71,579 |
Applicable Income Taxes | — | 24,188 |
Net Operating Income | — | 47,249 |
Net Income | — | 42,476 |
Cash Dividends Declared | 11,500 | 57,121 |
Retained Earnings | — | 30,541 |