Beach First National Bank
Myrtle Beach, SC — National Bank
Acquired Apr 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Beach First National Bank | All Insured Commercial Banks in South Carolina |
Interest and Fees on Loans | 4,892 | 3,902 |
Income from Lease Financing Receivables | — | — |
— | 61 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 35 |
Income on Loans and Leases (TE) | 4,892 | 3,905 |
Investment Interest Income (TE) | 451 | 643 |
Total Interest Income (TE) | 5,371 | 4,567 |
Total Interest Expense | 2,750 | 1,488 |
Net Interest Income (TE) | 2,621 | 3,080 |
Non-Interest Income | 469 | 694 |
Adjusted Operating Income (TE) | 3,090 | 3,805 |
Non-interest Expense | 5,259 | 2,803 |
Provision for Loan & Lease Losses | 15,400 | 1,820 |
Pretax Operating Income (TE) | -17,569 | -227 |
Pretax Net Operating Income (TE) | -17,408 | -165 |
Applicable Income Taxes | 1 | 1,182 |
Net Operating Income | -17,409 | -169 |
Net Income | -17,409 | -169 |
Cash Dividends Declared | — | 667 |
Retained Earnings | -17,409 | -169 |