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Income Statement
Monroe Federal Bancorp, Inc. (MFBI)
source: myfinsight.com
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Loans
$1,356,245
Investment securities
$120,219
Interest-bearing deposits and
other
$24,519
Total interest income
$1,500,983
Net (loss) income
-$135,112
Provision (benefit) for
income taxes
-$50,552
Net interest income
$907,484
Late charges and fees
on loans
$5,386
Loan servicing fees
$3,315
Service fees on deposits
$42,781
Increase in cash
surrender value of bank...
$30,840
Other income
$7,990
Total interest
expense
$593,499
Loss before income
taxes
-$185,664
Net interest income
after provision for...
$827,096
Total noninterest
income
$90,312
Provision for (recovery
of) credit losses
$80,388
Borrowings
$118,713
Deposits
$474,786
Total noninterest
expense
$1,103,072
Franchise taxes
$24,000
Advertising
$15,443
Fdic insurance
premiums
$17,569
Data processing fees
$132,471
Salaries and employee
benefits
$542,418
Directors fees
$30,300
Occupancy and equipment
$140,446
Other
$117,122
Professional services
$83,303
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