Cumberland National Bank
Saint Marys, GA — Domestic Branch of a Domestic Bank
Acquired Sep 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Cumberland National Bank | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 1,556 | 3,707 |
Income from Lease Financing Receivables | — | 10,028 |
— | 375 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 199 |
Income on Loans and Leases (TE) | 1,556 | 3,716 |
Investment Interest Income (TE) | 91 | 546 |
Total Interest Income (TE) | 1,692 | 4,066 |
Total Interest Expense | 968 | 1,313 |
Net Interest Income (TE) | 724 | 2,740 |
Non-Interest Income | 62 | 716 |
Adjusted Operating Income (TE) | 786 | 3,537 |
Non-interest Expense | 1,174 | 2,124 |
Provision for Loan & Lease Losses | 50 | 941 |
Pretax Operating Income (TE) | — | 5,565 |
Pretax Net Operating Income (TE) | — | 5,828 |
Applicable Income Taxes | — | 2,138 |
Net Operating Income | — | 3,942 |
Net Income | — | 3,928 |
Cash Dividends Declared | — | 5,018 |
Retained Earnings | — | 2,165 |