Financial Reports

2010 Statement of Income

COMPARATIVE STATEMENT OF INCOME Bath Savings Institution & Subsidiary For The Years Ended December 31, 2010 and 2009
	2010	2009
Interest & Dividend Income
Interest & Fees on Loans	$19,395,367	$19,604,832
Interest & Dividends on Investments	5,266,118	5,093,666
Interest on Federal Funds Sold	18,254	11,752
Total Interest & Dividend Income	$24,679,739	24,710,250
Interest Expense	5,546,994	6,895,208
Net Interest Margin	19,132,745	17,815,042
Other Income	5,487,118	5,449,082
Operating Expenses
Compensation & Employee Benefits	8,669,473	8,396,930
Expense of Premises & Fixed Assets	2,807,432	2,684,130
Provision for Loan Losses	1,255,877	2,064,714
FDIC and Other Insurance	675,006	719,627
Other Operating Expenses	3,707,417	3,436,537
Total Operating Expenses	$17,115,205	$17,301,938
Income Before Taxes, Net Gain (Loss) on Sale of Assets	7,504,658	5,962,186
Provisions for Taxes	2,100,633	1,627,823
Net Gain (Loss) on Sale of Assets	171,164	132,695
Net Income	$5,575,189	$4,467,058