Torrey Pines Bank
San Diego, CA — Domestic Branch of a Domestic Bank
Acquired Dec 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Torrey Pines Bank | All Insured Commercial Banks in California |
Interest and Fees on Loans | 57,832 | 20,044 |
Income from Lease Financing Receivables | 1,788 | 19 |
522 | 13 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 281 | 6 |
Income on Loans and Leases (TE) | 59,901 | 20,265 |
Investment Interest Income (TE) | 6,152 | 2,150 |
Total Interest Income (TE) | 66,372 | 23,456 |
Total Interest Expense | 2,736 | 1,587 |
Net Interest Income (TE) | 63,636 | 21,280 |
Non-Interest Income | 3,171 | 3,588 |
Adjusted Operating Income (TE) | 66,807 | 28,136 |
Non-interest Expense | 37,268 | 16,834 |
Provision for Loan & Lease Losses | 3,219 | 399 |
Pretax Operating Income (TE) | 26,320 | 9,870 |
Pretax Net Operating Income (TE) | 25,853 | 10,207 |
Applicable Income Taxes | 7,897 | 3,079 |
Net Operating Income | 16,755 | 7,282 |
Net Income | 16,594 | 7,278 |
Cash Dividends Declared | 9,000 | 2,153 |
Retained Earnings | 7,594 | 3,084 |