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cmtv: the income statement
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Interest on federal funds
sold and overnight...
$153,496
Dividends
$68,400
Interest on tax-exempt
debt securities
$80,411
Interest on taxable debt
securities
$912,616
Interest and fees on loans
$14,201,931
Total interest income
$15,416,854
Other income
$729,453
Other income from
loans
$260,459
Income from sold loans
$102,389
Service fees
$1,002,753
Net interest income
$10,510,990
Total interest
expense
$4,905,864
Total non-interest
income
$2,095,054
Net interest income
after credit loss...
$10,252,237
Credit loss expense
$258,753
Interest on junior
subordinated debentures
$242,038
Interest on repurchase
agreements
$234,756
Interest on borrowed
funds
$663,155
Interest on deposits
$3,765,915
Income before income
taxes
$5,753,793
Total non-interest
expense
$6,593,498
Net income
$4,746,787
Income tax expense
$1,007,006
Other expenses
$2,452,565
Occupancy expenses, net
$748,354
Employee benefits
$959,918
Salaries and wages
$2,432,661
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Income Statement
source: myfinsight.com
COMMUNITY BANCORP VT (CMTV)
COMMUNITY BANCORP VT (CMTV)