Westsound Bank
Bremerton, WA — Non-member Bank
Acquired May 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Westsound Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 2,886 | 4,742 |
Income from Lease Financing Receivables | 198 | 678 |
— | 104 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 15 |
Income on Loans and Leases (TE) | 3,084 | 4,775 |
Investment Interest Income (TE) | 145 | 1,116 |
Total Interest Income (TE) | 3,273 | 5,327 |
Total Interest Expense | 2,769 | 2,000 |
Net Interest Income (TE) | 504 | 3,251 |
Non-Interest Income | — | 1,131 |
Adjusted Operating Income (TE) | — | 4,342 |
Non-interest Expense | 3,680 | 3,250 |
Provision for Loan & Lease Losses | — | 4,055 |
Pretax Operating Income (TE) | — | 956 |
Pretax Net Operating Income (TE) | — | 908 |
Applicable Income Taxes | 12 | 287 |
Net Operating Income | — | 653 |
Net Income | — | 653 |
Cash Dividends Declared | — | 899 |
Retained Earnings | — | 488 |