Wilshire Bank
Los Angeles, CA — Non-member Bank
Acquired Jul 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Wilshire Bank | All Insured Commercial Banks in California |
Interest and Fees on Loans | 87,939 | 21,723 |
Income from Lease Financing Receivables | — | 37 |
— | 20 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 10 |
Income on Loans and Leases (TE) | 87,939 | 21,882 |
Investment Interest Income (TE) | 5,029 | 2,551 |
Total Interest Income (TE) | 94,010 | 25,220 |
Total Interest Expense | 13,893 | 1,672 |
Net Interest Income (TE) | 80,117 | 23,125 |
Non-Interest Income | 21,061 | 4,366 |
Adjusted Operating Income (TE) | 101,178 | 29,395 |
Non-interest Expense | 50,277 | 17,445 |
Provision for Loan & Lease Losses | 500 | 451 |
Pretax Operating Income (TE) | 50,401 | 11,274 |
Pretax Net Operating Income (TE) | 50,401 | 11,571 |
Applicable Income Taxes | 18,271 | 4,014 |
Net Operating Income | 31,889 | 7,254 |
Net Income | 31,889 | 6,489 |
Cash Dividends Declared | — | 1,467 |
Retained Earnings | 31,889 | 4,300 |