Westernbank Puerto Rico
Mayaguez, PR — Non-member Bank
Acquired May 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Westernbank Puerto Rico |
Interest and Fees on Loans | 100,796 |
Income from Lease Financing Receivables | — |
554 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — |
Income on Loans and Leases (TE) | 100,796 |
Investment Interest Income (TE) | 19,628 |
Total Interest Income (TE) | 121,417 |
Total Interest Expense | 75,776 |
Net Interest Income (TE) | 45,641 |
Non-Interest Income | 9,407 |
Adjusted Operating Income (TE) | 55,048 |
Non-interest Expense | 56,602 |
Provision for Loan & Lease Losses | 88,000 |
Pretax Operating Income (TE) | -89,554 |
Pretax Net Operating Income (TE) | -89,585 |
Applicable Income Taxes | -278 |
Net Operating Income | -89,307 |
Net Income | -89,307 |
Cash Dividends Declared | — |
Retained Earnings | -89,307 |