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mfbi: the income statement
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Interest-bearing deposits and
other
$25,321
Investment securities
$118,614
Loans
$1,402,801
Total interest income
$1,546,736
Net loss
-$93,503
Benefit for income taxes
-$41,623
Other income
$51,973
Increase in cash
surrender value of bank...
$31,841
Loan servicing fees
$3,186
Late charges and fees
on loans
$9,761
Service fees on deposits
$44,626
Net interest income
$926,061
Total interest
expense
$620,675
Loss before income
taxes
-$135,126
Total noninterest
income
$141,387
Net interest income
after provision for...
$915,117
Provision for credit
losses
$10,944
Borrowings
$118,500
Deposits
$502,175
Total noninterest
expense
$1,191,630
Other
$148,995
Advertising
$20,963
Professional services
$120,095
Fdic insurance
premiums
$18,185
Franchise taxes
$24,000
Data processing fees
$161,961
Occupancy and equipment
$134,484
Directors fees
$29,700
Salaries and employee
benefits
$533,247
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Income Statement
source: myfinsight.com
Monroe Federal Bancorp, Inc. (MFBI)
Monroe Federal Bancorp, Inc. (MFBI)