Patriot Federal Bank NY (Patriot Federal Bank NY) Tax Expense : $ Mil (TTM As of Sep. 2007)

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What is Patriot Federal Bank NY Tax Expense?

Patriot Federal Bank NY's tax expense for the months ended in Sep. 2007 was $0.00 Mil.

Patriot Federal Bank NY Tax Expense Historical Data

The historical data trend for Patriot Federal Bank NY's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Patriot Federal Bank NY Tax Expense Chart

Patriot Federal Bank NY Annual Data

Trend

Tax Expense

Patriot Federal Bank NY Quarterly Data
	Mar07	Jun07	Sep07
Tax Expense	-	-	-

Patriot Federal Bank NY Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Patriot Federal Bank NY (OTCPK:PFDB) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

Patriot Federal Bank NY Tax Expense Related Terms

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Patriot Federal Bank NY (Patriot Federal Bank NY) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Patriot Federal Bank NY (OTCPK:PFDB) » Definitions » Tax Expense

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Address

Website

http://www.patriotfederalbank.com

Patriot Federal Bank NY was established in December 2005. It offers a variety of products tailored to the people of the Mohawk Valley and surrounding areas. Patriot Federal Bank offers an array of personal checking account options. The Bank offers home equity loans and lines of credit at extremely competitive rates. Patriot Federal Bank also offers a variety of personal loans at highly competitive rates. The Bank's goal is to provide quality financial services in a personal, professional manner.

Patriot Federal Bank NY (Patriot Federal Bank NY) Headlines

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