Westborough Savings Bank
Westborough, MA — Domestic Branch of a Domestic Bank
Acquired Aug 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Westborough Savings Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 6,124 | 7,993 |
Income from Lease Financing Receivables | — | — |
— | 1,096 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 565 |
Income on Loans and Leases (TE) | 6,124 | 7,994 |
Investment Interest Income (TE) | 1,408 | 2,038 |
Total Interest Income (TE) | 7,664 | 10,504 |
Total Interest Expense | 4,169 | 5,475 |
Net Interest Income (TE) | 3,495 | 4,982 |
Non-Interest Income | 386 | 893 |
Adjusted Operating Income (TE) | 3,881 | 5,868 |
Non-interest Expense | 4,469 | 4,741 |
Provision for Loan & Lease Losses | 60 | 178 |
Pretax Operating Income (TE) | — | 1,649 |
Pretax Net Operating Income (TE) | — | 1,842 |
Applicable Income Taxes | — | 553 |
Net Operating Income | — | 1,219 |
Net Income | — | 1,219 |
Cash Dividends Declared | — | 918 |
Retained Earnings | — | 1,120 |