Net Income Analysis ( % relative to Total Revenue )
Income Statement Wachovia Bank Of Delaware, National Association All Insured Commercial Banks in Delaware
Interest and Fees on Loans 152,760 623,971
Income from Lease Financing Receivables — 86,234
— 14,678
Estimated Tax Benefit from Tax-Exempt Loan Income — 7,965
Income on Loans and Leases (TE) 152,229 644,194
Investment Interest Income (TE) — 227,966
Total Interest Income (TE) 154,409 859,938
Total Interest Expense 26,767 190,148
Net Interest Income (TE) 127,642 679,798
Non-Interest Income 26,436 362,113
Adjusted Operating Income (TE) 154,078 1,022,853
Non-interest Expense 42,077 642,988
Provision for Loan & Lease Losses 44,460 298,085
Pretax Operating Income (TE) 67,541 176,963
Pretax Net Operating Income (TE) 67,541 171,744
Applicable Income Taxes 26,903 51,107
Net Operating Income 40,638 119,765
Net Income 40,638 117,837
Cash Dividends Declared — 148,479
Retained Earnings 40,638 38,678