Cabarrus Bank & Trust Company
Concord, NC — Domestic Branch of a Domestic Bank
Acquired Sep 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Cabarrus Bank & Trust Company | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 1,982 | 19,327 |
Income from Lease Financing Receivables | — | 187 |
30 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 15 | 17 |
Income on Loans and Leases (TE) | 1,997 | 19,531 |
Investment Interest Income (TE) | 194 | 1,821 |
Total Interest Income (TE) | 2,236 | 21,488 |
Total Interest Expense | 232 | 2,296 |
Net Interest Income (TE) | 2,004 | 19,192 |
Non-Interest Income | 737 | 5,641 |
Adjusted Operating Income (TE) | 2,741 | 24,756 |
Non-interest Expense | 2,465 | 18,940 |
Provision for Loan & Lease Losses | -90 | 1,020 |
Pretax Operating Income (TE) | 366 | 5,702 |
Pretax Net Operating Income (TE) | 366 | 5,811 |
Applicable Income Taxes | 118 | 1,843 |
Net Operating Income | 233 | 3,993 |
Net Income | 233 | 3,993 |
Cash Dividends Declared | 101 | 2,182 |
Retained Earnings | 132 | 1,811 |