Whidbey Island Bank
Coupeville, WA — Domestic Branch of a Domestic Bank
Acquired May 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Whidbey Island Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 15,456 | 6,663 |
Income from Lease Financing Receivables | — | 2 |
49 | 31 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 26 | 16 |
Income on Loans and Leases (TE) | 15,482 | 6,691 |
Investment Interest Income (TE) | 2,360 | 856 |
Total Interest Income (TE) | 17,907 | 7,597 |
Total Interest Expense | 1,118 | 372 |
Net Interest Income (TE) | 16,789 | 7,224 |
Non-Interest Income | 4,462 | 1,432 |
Adjusted Operating Income (TE) | 21,251 | 8,959 |
Non-interest Expense | 16,320 | 5,977 |
Provision for Loan & Lease Losses | -2,300 | 114 |
Pretax Operating Income (TE) | 7,231 | 2,445 |
Pretax Net Operating Income (TE) | 7,231 | 2,406 |
Applicable Income Taxes | 2,286 | 725 |
Net Operating Income | 4,697 | 1,589 |
Net Income | 4,697 | 1,587 |
Cash Dividends Declared | — | 314 |
Retained Earnings | 4,697 | 841 |