Citizens South Bank
Gastonia, NC — Domestic Branch of a Domestic Bank
Acquired Oct 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Citizens South Bank | All Insured Savings Banks in North Carolina |
Interest and Fees on Loans | 28,551 | 7,055 |
Income from Lease Financing Receivables | — | 0 |
232 | 14 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 28,551 | 7,057 |
Investment Interest Income (TE) | 1,885 | 779 |
Total Interest Income (TE) | 30,702 | 8,060 |
Total Interest Expense | 5,292 | 1,908 |
Net Interest Income (TE) | 25,410 | 6,153 |
Non-Interest Income | 1,688 | 667 |
Adjusted Operating Income (TE) | 27,098 | 6,696 |
Non-interest Expense | 36,059 | 5,976 |
Provision for Loan & Lease Losses | 9,305 | 1,088 |
Pretax Operating Income (TE) | -18,266 | 313 |
Pretax Net Operating Income (TE) | -17,666 | 549 |
Applicable Income Taxes | -7,184 | 128 |
Net Operating Income | -10,482 | 256 |
Net Income | -10,482 | 256 |
Cash Dividends Declared | — | 33 |
Retained Earnings | -10,482 | 204 |