Westminster Union Bank
Westminster, MD — Domestic Branch of a Domestic Bank
Acquired Sep 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Westminster Union Bank | All Insured Commercial Banks in Maryland |
Interest and Fees on Loans | 16,924 | 14,208 |
Income from Lease Financing Receivables | — | 1,096 |
128 | 175 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 53 | 78 |
Income on Loans and Leases (TE) | 16,977 | 14,309 |
Investment Interest Income (TE) | 3,610 | 2,751 |
Total Interest Income (TE) | 24,356 | 15,249 |
Total Interest Expense | 9,277 | 6,121 |
Net Interest Income (TE) | 15,079 | 9,079 |
Non-Interest Income | 3,004 | 2,319 |
Adjusted Operating Income (TE) | 18,083 | 11,469 |
Non-interest Expense | 8,341 | 7,382 |
Provision for Loan & Lease Losses | 300 | 495 |
Pretax Operating Income (TE) | 9,442 | 8,190 |
Pretax Net Operating Income (TE) | 9,487 | 8,052 |
Applicable Income Taxes | 3,546 | 2,892 |
Net Operating Income | 5,817 | 5,081 |
Net Income | 5,817 | 5,081 |
Cash Dividends Declared | 1,850 | 5,013 |
Retained Earnings | 3,967 | 2,847 |