Cherokee Bank, National Association
Canton, GA — Domestic Branch of a Domestic Bank
Acquired Feb 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Cherokee Bank, National Association | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 5,982 | 7,133 |
Income from Lease Financing Receivables | — | 0 |
22 | 22 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 11 | 9 |
Income on Loans and Leases (TE) | 5,993 | 7,144 |
Investment Interest Income (TE) | 549 | 902 |
Total Interest Income (TE) | 6,712 | 8,245 |
Total Interest Expense | 814 | 1,129 |
Net Interest Income (TE) | 5,898 | 7,107 |
Non-Interest Income | 1,214 | 1,493 |
Adjusted Operating Income (TE) | 7,112 | 9,009 |
Non-interest Expense | 6,156 | 6,725 |
Provision for Loan & Lease Losses | 180 | 452 |
Pretax Operating Income (TE) | 776 | 1,773 |
Pretax Net Operating Income (TE) | 786 | 1,830 |
Applicable Income Taxes | — | 324 |
Net Operating Income | 767 | 1,426 |
Net Income | 767 | 1,426 |
Cash Dividends Declared | — | 264 |
Retained Earnings | 767 | 1,022 |