Net Income Analysis ( % relative to Total Revenue )
Net Income 19,684,000,00074.52%Net Operating Income20,405,000,00077.25%Total Operating Income25,934,000,00098.18%Non-Interest Income25,934,000,00098.18%Total Operating Expenses5,529,000,00020.93%Total Interest Expense1,938,000,0007.34%Provision for Loan & Lease Losses3,591,000,00013.60%Realized Gains on Securities480,000,0001.82%Applicable Income Taxes9,637,000,00036.48%,,,
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Income Statement Bank Of America, National Association All Insured Commercial Banks in North Carolina
Interest and Fees on Loans 33,380,000 43,859
Income from Lease Financing Receivables 697,000 183
200,000 287
Estimated Tax Benefit from Tax-Exempt Loan Income 105,927 148
Income on Loans and Leases (TE) 34,182,927 44,236
Investment Interest Income (TE) 8,581,304 4,769
Total Interest Income (TE) 44,896,231 49,636
Total Interest Expense 1,938,000 4,652
Net Interest Income (TE) 42,958,231 44,984
Non-Interest Income 25,934,000 11,387
Adjusted Operating Income (TE) 68,892,231 56,298
Non-interest Expense 36,331,000 38,609
Provision for Loan & Lease Losses 3,591,000 1,359
Pretax Operating Income (TE) 28,970,231 16,556
Pretax Net Operating Income (TE) 29,450,231 16,646
Applicable Income Taxes 9,637,000 5,112
Net Operating Income 19,684,000 10,887
Net Income 19,684,000 10,887
Cash Dividends Declared 13,376,000 5,698
Retained Earnings 6,308,000 5,606