Blue Ridge Savings Bank, Inc.
Asheville, NC — State Savings Bank
Acquired Oct 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Blue Ridge Savings Bank, Inc. | All Insured Savings Banks in North Carolina |
Interest and Fees on Loans | 4,170 | 6,642 |
Income from Lease Financing Receivables | — | 0 |
— | 5 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 4,170 | 6,644 |
Investment Interest Income (TE) | 5 | 974 |
Total Interest Income (TE) | 4,206 | 7,654 |
Total Interest Expense | 1,515 | 2,406 |
Net Interest Income (TE) | 2,691 | 5,248 |
Non-Interest Income | -602 | 476 |
Adjusted Operating Income (TE) | 2,089 | 5,724 |
Non-interest Expense | 3,927 | 4,945 |
Provision for Loan & Lease Losses | 1,106 | 1,781 |
Pretax Operating Income (TE) | -2,944 | -1,001 |
Pretax Net Operating Income (TE) | -2,944 | -853 |
Applicable Income Taxes | — | 254 |
Net Operating Income | -2,944 | -1,130 |
Net Income | -2,944 | -1,130 |
Cash Dividends Declared | — | 70 |
Retained Earnings | -2,944 | -1,200 |