Concord Efs National Bank
Memphis, TN — National Bank
Acquired Feb 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Concord Efs National Bank | All Insured Commercial Banks in Tennessee |
Interest and Fees on Loans | 109 | 7,265 |
Income from Lease Financing Receivables | — | 2,639 |
— | 171 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 92 |
Income on Loans and Leases (TE) | 109 | 7,284 |
Investment Interest Income (TE) | 22,969 | 1,467 |
Total Interest Income (TE) | 25,585 | 8,936 |
Total Interest Expense | 8,695 | 2,641 |
Net Interest Income (TE) | 16,890 | 6,294 |
Non-Interest Income | 1,267,617 | 1,612 |
Adjusted Operating Income (TE) | 1,284,507 | 7,972 |
Non-interest Expense | 1,157,236 | 5,057 |
Provision for Loan & Lease Losses | — | 2,484 |
Pretax Operating Income (TE) | 127,271 | 15,704 |
Pretax Net Operating Income (TE) | 127,271 | 15,727 |
Applicable Income Taxes | 41,694 | 4,956 |
Net Operating Income | 82,669 | 10,719 |
Net Income | 82,669 | 10,717 |
Cash Dividends Declared | 63,300 | 10,271 |
Retained Earnings | 19,369 | 3,285 |