Centennial Bank
Southern Pines, NC — Domestic Branch of a Domestic Bank
Acquired Aug 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Centennial Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 1,730 | 15,627 |
Income from Lease Financing Receivables | — | 54,143 |
— | 4,014 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2,053 |
Income on Loans and Leases (TE) | 1,730 | 15,823 |
Investment Interest Income (TE) | 108 | 3,489 |
Total Interest Income (TE) | 1,849 | 19,559 |
Total Interest Expense | 653 | 6,150 |
Net Interest Income (TE) | 1,196 | 13,410 |
Non-Interest Income | 328 | 6,298 |
Adjusted Operating Income (TE) | 1,524 | 19,708 |
Non-interest Expense | 1,191 | 13,558 |
Provision for Loan & Lease Losses | 128 | 7,981 |
Pretax Operating Income (TE) | 205 | 164,433 |
Pretax Net Operating Income (TE) | 205 | 174,092 |
Applicable Income Taxes | — | 65,829 |
Net Operating Income | 205 | 118,149 |
Net Income | 205 | 118,149 |
Cash Dividends Declared | — | 253,007 |
Retained Earnings | 205 | 16,769 |