Tolland Bank
Vernon Rockville, CT — State Savings Bank
Acquired Apr 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Tolland Bank | All Insured Savings Banks in Connecticut |
Interest and Fees on Loans | 3,952 | 7,469 |
Income from Lease Financing Receivables | — | 286 |
— | 35 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 3 |
Income on Loans and Leases (TE) | 3,952 | 7,479 |
Investment Interest Income (TE) | 1,046 | 2,170 |
Total Interest Income (TE) | 5,032 | 9,702 |
Total Interest Expense | 2,018 | 2,959 |
Net Interest Income (TE) | 3,014 | 6,743 |
Non-Interest Income | 486 | 1,328 |
Adjusted Operating Income (TE) | 3,500 | 8,072 |
Non-interest Expense | 9,955 | 7,307 |
Provision for Loan & Lease Losses | 118 | 309 |
Pretax Operating Income (TE) | — | 2,480 |
Pretax Net Operating Income (TE) | — | 2,768 |
Applicable Income Taxes | — | 907 |
Net Operating Income | — | 1,852 |
Net Income | — | 6,199 |
Cash Dividends Declared | 500 | 7,704 |
Retained Earnings | — | 5,628 |