United Bank
West Springfield, MA — Domestic Branch of a Domestic Bank
Acquired May 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | United Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 20,474 | 4,450 |
Income from Lease Financing Receivables | — | 0 |
37 | 0 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 18 | 0 |
Income on Loans and Leases (TE) | 20,492 | 4,458 |
Investment Interest Income (TE) | 2,610 | 622 |
Total Interest Income (TE) | 23,183 | 5,145 |
Total Interest Expense | 3,422 | 841 |
Net Interest Income (TE) | 19,761 | 4,285 |
Non-Interest Income | 2,342 | 767 |
Adjusted Operating Income (TE) | 22,103 | 5,316 |
Non-interest Expense | 14,312 | 4,126 |
Provision for Loan & Lease Losses | 600 | 105 |
Pretax Operating Income (TE) | 7,191 | 916 |
Pretax Net Operating Income (TE) | 7,191 | 1,090 |
Applicable Income Taxes | 1,813 | 287 |
Net Operating Income | 5,237 | 731 |
Net Income | 5,237 | 728 |
Cash Dividends Declared | — | 10 |
Retained Earnings | 5,237 | 685 |