Desoto County Bank
Horn Lake, MS — Domestic Branch of a Domestic Bank
Acquired May 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Desoto County Bank | All Insured Commercial Banks in Mississippi |
Interest and Fees on Loans | 926 | 3,458 |
Income from Lease Financing Receivables | — | 0 |
— | 5 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 926 | 3,462 |
Investment Interest Income (TE) | 44 | 701 |
Total Interest Income (TE) | 974 | 4,185 |
Total Interest Expense | 109 | 385 |
Net Interest Income (TE) | 865 | 3,801 |
Non-Interest Income | 110 | 1,115 |
Adjusted Operating Income (TE) | 975 | 4,915 |
Non-interest Expense | 691 | 3,384 |
Provision for Loan & Lease Losses | — | 106 |
Pretax Operating Income (TE) | 284 | 1,432 |
Pretax Net Operating Income (TE) | 284 | 1,444 |
Applicable Income Taxes | 100 | 310 |
Net Operating Income | 179 | 1,037 |
Net Income | 179 | 1,037 |
Cash Dividends Declared | — | 420 |
Retained Earnings | 179 | 472 |