Cornerstone Bank
Senatobia, MS — Domestic Branch of a Domestic Bank
Acquired May 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Cornerstone Bank | All Insured Commercial Banks in Mississippi |
Interest and Fees on Loans | 625 | 2,710 |
Income from Lease Financing Receivables | — | 638 |
— | 110 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 54 |
Income on Loans and Leases (TE) | 625 | 2,714 |
Investment Interest Income (TE) | 17 | 699 |
Total Interest Income (TE) | 693 | 3,530 |
Total Interest Expense | 267 | 1,192 |
Net Interest Income (TE) | 426 | 2,338 |
Non-Interest Income | 107 | 575 |
Adjusted Operating Income (TE) | 533 | 2,913 |
Non-interest Expense | 502 | 1,827 |
Provision for Loan & Lease Losses | — | 121 |
Pretax Operating Income (TE) | 31 | 1,920 |
Pretax Net Operating Income (TE) | 31 | 1,920 |
Applicable Income Taxes | — | 1,060 |
Net Operating Income | 31 | 1,290 |
Net Income | 31 | 1,290 |
Cash Dividends Declared | — | 2,128 |
Retained Earnings | 31 | 988 |