Cornerstone Community Bank
Chattanooga, TN — Domestic Branch of a Domestic Bank
Acquired Feb 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Cornerstone Community Bank | All Insured Commercial Banks in Tennessee |
Interest and Fees on Loans | 6,876 | 10,606 |
Income from Lease Financing Receivables | 3 | 0 |
15 | 22 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 7 | 11 |
Income on Loans and Leases (TE) | 6,886 | 10,636 |
Investment Interest Income (TE) | 340 | 1,516 |
Total Interest Income (TE) | 7,277 | 12,399 |
Total Interest Expense | 461 | 1,340 |
Net Interest Income (TE) | 6,816 | 11,051 |
Non-Interest Income | 773 | 2,450 |
Adjusted Operating Income (TE) | 7,589 | 13,723 |
Non-interest Expense | 4,344 | 9,222 |
Provision for Loan & Lease Losses | 565 | 311 |
Pretax Operating Income (TE) | 2,680 | 3,991 |
Pretax Net Operating Income (TE) | 2,680 | 4,051 |
Applicable Income Taxes | 1,030 | 817 |
Net Operating Income | 1,632 | 2,957 |
Net Income | 1,632 | 2,956 |
Cash Dividends Declared | — | 1,305 |
Retained Earnings | 1,632 | 1,401 |