United Heritage Bank
Edison, NJ — Domestic Branch of a Domestic Bank
Acquired Mar 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | United Heritage Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 2,515 | 22,760 |
Income from Lease Financing Receivables | — | 3,465 |
— | 395 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 162 |
Income on Loans and Leases (TE) | 2,515 | 23,422 |
Investment Interest Income (TE) | 759 | 5,515 |
Total Interest Income (TE) | 3,321 | 31,014 |
Total Interest Expense | 1,826 | 13,160 |
Net Interest Income (TE) | 1,495 | 17,599 |
Non-Interest Income | 175 | 4,777 |
Adjusted Operating Income (TE) | 1,670 | 23,313 |
Non-interest Expense | 1,744 | 14,469 |
Provision for Loan & Lease Losses | 24 | 1,326 |
Pretax Operating Income (TE) | — | 17,441 |
Pretax Net Operating Income (TE) | — | 16,999 |
Applicable Income Taxes | — | 4,190 |
Net Operating Income | — | 12,182 |
Net Income | — | 12,182 |
Cash Dividends Declared | — | 13,383 |
Retained Earnings | — | 5,677 |