1St United Bank
Boca Raton, FL — Domestic Branch of a Domestic Bank
Acquired Nov 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | 1St United Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 51,148 | 10,179 |
Income from Lease Financing Receivables | — | 0 |
— | 8 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 4 |
Income on Loans and Leases (TE) | 51,148 | 10,188 |
Investment Interest Income (TE) | 5,632 | 1,454 |
Total Interest Income (TE) | 57,271 | 11,907 |
Total Interest Expense | 2,517 | 1,230 |
Net Interest Income (TE) | 54,754 | 10,568 |
Non-Interest Income | -2,471 | 1,794 |
Adjusted Operating Income (TE) | 52,283 | 12,817 |
Non-interest Expense | 38,138 | 9,935 |
Provision for Loan & Lease Losses | 1,261 | 235 |
Pretax Operating Income (TE) | 12,884 | 2,517 |
Pretax Net Operating Income (TE) | 12,718 | 2,619 |
Applicable Income Taxes | 4,991 | 644 |
Net Operating Income | 7,651 | 2,044 |
Net Income | 7,651 | 2,044 |
Cash Dividends Declared | 1,200 | 214 |
Retained Earnings | 6,451 | 1,573 |