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Commencement Bancorp (Commencement Bancorp) Tax Rate % : 17.84% (As of Jun. 2023)


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What is Commencement Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Commencement Bancorp's Tax Expense for the three months ended in Jun. 2023 was $0.16 Mil. Commencement Bancorp's Pre-Tax Income for the three months ended in Jun. 2023 was $0.88 Mil. Therefore, Commencement Bancorp's Tax Rate % for the quarter that ended in Jun. 2023 was 17.84%.


Commencement Bancorp Tax Rate % Historical Data

The historical data trend for Commencement Bancorp's Tax Rate % 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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Commencement Bancorp Tax Rate % Chart

Commencement Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.43 20.26 19.49 18.54 17.12

Commencement Bancorp Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.86 20.11 18.64 17.84 -

Commencement Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Commencement Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=0.63/3.68
=17.12 %

Commencement Bancorp's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2023 )/Pre-Tax Income (Q: Jun. 2023 )
=0.157/0.88
=17.84 %

* 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.


Commencement Bancorp Tax Rate % Related Terms

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Commencement Bancorp (Commencement Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
1102 Commerce Street, Suite 100, Tacoma, WA, USA, 98402
Commencement Bancorp Inc is a holding company that operates through its subsidiary. It provides loan and deposit services to customers, who are predominately individuals and small and midsized businesses in western Washington. The company offers banking products and services such as savings and deposit accounts, personal and business loans, cash management services, online banking, credit cards, and investment services.

Commencement Bancorp (Commencement Bancorp) Headlines