Dollar Bank's Income Statement

Introduction: Dollar Bank, a federal savings bank, was founded in 1855. Since then, the bank has avoided mergers and acquisitions and remains an independent, large, full service, regional bank that is committed to the people and businesses of Pennsylvania and Ohio. The following information was extracted the FDIC database about Dollar Bank:

Year to date, June 30, 2004 reported net income was $20,190,000. The net is up 4 percent when compared to Dollar Bank' net income for the six months ended June 30, 2004 of $19,396,000. This represents a net improvement of net income of just slightly more than 4 percent.

For the same six month period ending June 30, 2004 total interest income was 4.15 percent and total interest expense was 1.45 percent. This resulted in net interest income of 2.69 percent. This is slightly lower than Dollar Bank's results for the six months ended June 30, 2003 when it recorded total interest income of 4.52 per

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Category: Economics - D