Earnings Estimates

Extraordinary Item represents events and transactions that are distinguished by their unusual nature, by the infrequency of their occurrence, and the materiality of their impact on the earnings of the company.

Extraordinary Item is applicable only if Net Income/Starting Line is income after extraordinary gains/losses. Because the operating section of the cash flow pursues changes in cash flow from operating activities, any gain/loss from extraordinary activities included in net income computation needs to be reversed.

FAD Payout Ratio, Total - % represents the Company level FAD Payout Ratio, as reported by the company. It shows the dividend payout rate from the Funds Available for Distribution (FAD) for each share. It is obtained using Dividends per Common share divided by Funds Available for Distribution per share.

Federal Funds Purchased/Securities Sold Under Repurchase Agreement represents funds acquired from a financial institution for a limited period of time to cover reserve requirements. Although the results are the same, the providers of the varying resources are different. Federal Funds Purchased are short-term loans to other depository financial institutions without any collateral, provided by Federal Reserve banks, usually at the Federal Funds rate. These may be considered wholesale loans to other banks. Securities Sold Under Repurchase Agreement are securities purchased on a temporary basis from other financial institutions with a pre-set selling price within a short period of time.

Federal Funds Purchased/Securities Sold Under Repurchase Agreement represents funds acquired from a financial institution for a limited period of time to cover reserve requirements. Although the results are the same, the providers of the varying resources are different. Federal Funds purchased are short-term borrowings from other depository financial institutions without any collateral, usually at the Federal Funds rate. These may be considered wholesale borrowings from other banks. Securities Sold Under Repurchase Agreement are securities sold on a temporary basis to other financial institutions with a pre-set buying price within a short period of time.

Federal Funds Sold/Securities Purchased Under Resale Agreement represents funds provided to a financial institution for a limited period of time to cover reserve requirements.

Federal Funds Sold/Securities Purchased Under Resale Agreement represents funds provided to a financial institution for a limited period of time to cover reserve requirements. Although the results are the same, the providers of the varying resources are different. Federal Funds Sold are short-term loans to other depository financial institutions without any collateral, provided by Federal Reserve banks, usually at the Federal Funds rate. These may be considered wholesale loans to other banks. Securities Purchased Under Resale Agreement are securities purchased on a temporary basis from other financial institutions with a pre-set selling price within a short period of time.

Federal Funds/REPOs represents an increase/decrease in cash flow due to changes in the level of Federal Funds Sold/Securities Purchased Under Resale Agreement.

Fees & Commissions From Operations represents fees and commissions earned from commercial banking operations. Although the primary source of income for commercial banks is interest income from loans to customers, they also generate income from money transferring fees, late fees, check clearing fees, and other fees and commissions.

Fees for Other Customer Services represents fees earned from customer services other than the following:
Fees & Commissions From Operations
Commissions/Fees From Securities Activities
Insurance Commissions, Fees & Premiums
Credit Card Fees

Fees for Other Customer Services includes:
Consulting fees
Lock box fees
Other (unidentified) service fees earned from customers