Covenant Bank & Trust
Rock Spring, GA — Non-member Bank
Acquired Mar 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Covenant Bank & Trust | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 4,702 | 7,639 |
Income from Lease Financing Receivables | — | 0 |
— | 24 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 7 |
Income on Loans and Leases (TE) | 4,702 | 7,649 |
Investment Interest Income (TE) | 305 | 1,050 |
Total Interest Income (TE) | 5,017 | 8,770 |
Total Interest Expense | 1,773 | 2,246 |
Net Interest Income (TE) | 3,244 | 6,509 |
Non-Interest Income | -126 | 1,130 |
Adjusted Operating Income (TE) | 3,118 | 7,806 |
Non-interest Expense | 3,397 | 6,384 |
Provision for Loan & Lease Losses | 2,244 | 2,132 |
Pretax Operating Income (TE) | -2,523 | -452 |
Pretax Net Operating Income (TE) | -2,444 | -182 |
Applicable Income Taxes | -10 | 218 |
Net Operating Income | -2,434 | -374 |
Net Income | -2,434 | -385 |
Cash Dividends Declared | — | 68 |
Retained Earnings | -2,434 | -526 |