             |
Mascoma
Mutual Holding Corp.
Consolidated Income Statement
| |
9 months ending
September 30, 2005 |
9 months ending
September 30, 2004 |
| |
|
|
| Interest Income |
$28,053,958 |
$26,656,994 |
| Interest Expense |
8,373,555 |
7,209,302 |
| |
|
|
| Net Interest Income |
19,680,403 |
19,447,692 |
| Provision for Loan Losses |
800,000 |
400,000 |
| |
|
|
| Net Income After Provision for Loan Losses |
18,880,403 |
19,047,692 |
| Other Income |
3,065,524 |
2,879,003 |
| Gains / (Losses) on Sales of Securities |
0 |
0 |
| Other Expenses |
16,603,317 |
16,061,654 |
| |
|
|
| Income Before Income Taxes |
5,342,610 |
5,865,041 |
| Applicable Income Taxes |
1,321,024 |
1,606,168 |
| |
|
|
| NET INCOME |
$4,021,586 |
$4,258,873 |
| |
