Watertown Savings Bank
Watertown, MA — State Member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Watertown Savings Bank | All Insured Commercial Banks in Massachusetts |
Interest and Fees on Loans | 21,768 | 34,650 |
Income from Lease Financing Receivables | — | 0 |
— | 299 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 159 |
Income on Loans and Leases (TE) | 21,768 | 35,259 |
Investment Interest Income (TE) | 7,408 | 3,997 |
Total Interest Income (TE) | 29,887 | 39,846 |
Total Interest Expense | 2,076 | 4,360 |
Net Interest Income (TE) | 27,811 | 35,029 |
Non-Interest Income | 3,578 | 8,220 |
Adjusted Operating Income (TE) | 31,389 | 43,184 |
Non-interest Expense | 26,770 | 28,480 |
Provision for Loan & Lease Losses | — | 964 |
Pretax Operating Income (TE) | 4,619 | 13,638 |
Pretax Net Operating Income (TE) | 4,787 | 13,750 |
Applicable Income Taxes | 1,677 | 3,897 |
Net Operating Income | 3,101 | 8,937 |
Net Income | 3,101 | 8,869 |
Cash Dividends Declared | — | 3,144 |
Retained Earnings | 3,101 | 5,501 |