Destin Bank
Destin, FL — Domestic Branch of a Domestic Bank
Acquired Apr 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Destin Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 6,788 | 2,386 |
Income from Lease Financing Receivables | — | 215 |
— | 32 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 16 |
Income on Loans and Leases (TE) | 6,788 | 2,389 |
Investment Interest Income (TE) | 888 | 450 |
Total Interest Income (TE) | 7,825 | 2,882 |
Total Interest Expense | 2,236 | 773 |
Net Interest Income (TE) | 5,589 | 2,106 |
Non-Interest Income | 1,170 | 391 |
Adjusted Operating Income (TE) | 6,759 | 2,490 |
Non-interest Expense | 2,945 | 1,559 |
Provision for Loan & Lease Losses | 200 | 169 |
Pretax Operating Income (TE) | 3,614 | 1,762 |
Pretax Net Operating Income (TE) | 3,541 | 1,783 |
Applicable Income Taxes | 1,363 | 732 |
Net Operating Income | 2,178 | 1,221 |
Net Income | 2,178 | 1,219 |
Cash Dividends Declared | 909 | 882 |
Retained Earnings | 1,269 | 1,025 |