Avenue Bank
Nashville, TN — Non-member Bank
Acquired Jul 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Avenue Bank | All Insured Commercial Banks in Tennessee |
Interest and Fees on Loans | 19,188 | 5,914 |
Income from Lease Financing Receivables | — | 0 |
— | 13 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 6 |
Income on Loans and Leases (TE) | 19,188 | 5,930 |
Investment Interest Income (TE) | 2,457 | 786 |
Total Interest Income (TE) | 21,722 | 6,865 |
Total Interest Expense | 2,671 | 758 |
Net Interest Income (TE) | 19,051 | 6,104 |
Non-Interest Income | 3,185 | 1,420 |
Adjusted Operating Income (TE) | 22,236 | 7,648 |
Non-interest Expense | 14,800 | 5,007 |
Provision for Loan & Lease Losses | 1,008 | 144 |
Pretax Operating Income (TE) | 6,428 | 2,428 |
Pretax Net Operating Income (TE) | 6,697 | 2,465 |
Applicable Income Taxes | 1,954 | 516 |
Net Operating Income | 4,439 | 1,778 |
Net Income | 4,439 | 1,776 |
Cash Dividends Declared | 900 | 674 |
Retained Earnings | 3,539 | 1,000 |