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ASBC » Topics » STATEMENTS OF INCOME

This excerpt taken from the ASBC 10-K filed Feb 27, 2008.
STATEMENTS OF INCOME
 
                         
    For the Years Ended December 31,  
    2007     2006     2005  
       
    ($ in Thousands)  
 
INCOME
                       
Dividends from subsidiaries
  $ 273,000     $ 354,000     $ 243,000  
Management and service fees from subsidiaries
    64,212       59,515       45,905  
Interest income on notes receivable
    17,830       22,325       16,505  
Other income
    2,287       21,964       7,088  
     
     
Total income
    357,329       457,804       312,498  
     
     
EXPENSE
                       
Interest expense on borrowed funds
    34,099       32,404       22,700  
Provision for loan losses
    —       (1,455 )     —  
Personnel expense
    36,623       33,190       31,210  
Other expense
    25,563       19,047       22,408  
     
     
Total expense
    96,285       83,186       76,318  
     
     
Income before income tax expense (benefit) and equity in
                       
undistributed income
    261,044       374,618       236,180  
Income tax expense (benefit)
    (4,955 )     7,450       (4,953 )
     
     
Income before equity in undistributed net income of subsidiaries
    265,999       367,168       241,133  
Equity in undistributed net income of subsidiaries
    19,753       (50,523 )     79,028  
     
     
Net income
  $ 285,752     $ 316,645     $ 320,161  
     
     


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Table of Contents

This excerpt taken from the ASBC 10-K filed Feb 28, 2007.
STATEMENTS OF INCOME
 
                         
    For the Years Ended December 31,  
    2006     2005     2004  
       
    ($ in Thousands)  
 
INCOME
                       
Dividends from subsidiaries
  $ 354,000     $ 243,000     $ 124,500  
Management and service fees from subsidiaries
    59,515       45,905       46,913  
Interest income on notes receivable
    22,325       16,505       13,728  
Other income
    21,964       7,088       2,813  
     
     
Total income
    457,804       312,498       187,954  
     
     
EXPENSE
                       
Interest expense on borrowed funds
    32,404       22,700       12,718  
Provision for loan losses
    (1,455 )     —       —  
Personnel expense
    33,190       31,210       28,936  
Other expense
    19,047       22,408       20,755  
     
     
Total expense
    83,186       76,318       62,409  
     
     
Income before income tax expense (benefit) and equity in undistributed income
    374,618       236,180       125,545  
Income tax expense (benefit)
    7,450       (4,953 )     (1,510 )
     
     
Income before equity in undistributed net income of subsidiaries
    367,168       241,133       127,055  
Equity in undistributed net income of subsidiaries
    (50,523 )     79,028       131,231  
     
     
Net income
  $ 316,645     $ 320,161     $ 258,286  
     
     


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Table of Contents

EXCERPTS ON THIS PAGE:

10-K
Feb 27, 2008
10-K
Feb 28, 2007

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