Wells Fargo Hsbc Trade Bank, National Association
San Francisco, CA — National Bank
Acquired May 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Wells Fargo Hsbc Trade Bank, National Association | All Insured Commercial Banks in California |
Interest and Fees on Loans | 10,155 | 5,734 |
Income from Lease Financing Receivables | — | 2,569 |
— | 762 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 525 |
Income on Loans and Leases (TE) | 10,155 | 5,767 |
Investment Interest Income (TE) | — | 2,482 |
Total Interest Income (TE) | 10,191 | 5,689 |
Total Interest Expense | 370 | 1,104 |
Net Interest Income (TE) | 9,821 | 4,466 |
Non-Interest Income | 14,966 | 652 |
Adjusted Operating Income (TE) | 24,787 | 5,589 |
Non-interest Expense | 14,075 | 3,667 |
Provision for Loan & Lease Losses | 913 | 6,625 |
Pretax Operating Income (TE) | 9,799 | 298 |
Pretax Net Operating Income (TE) | 9,799 | 373 |
Applicable Income Taxes | 4,032 | 1,118 |
Net Operating Income | 5,767 | 205 |
Net Income | 5,767 | 201 |
Cash Dividends Declared | — | 2,458 |
Retained Earnings | 5,767 | 76 |