Farmers & Merchants Bank
Granite Quarry, NC — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Farmers & Merchants Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 19,795 | 43,859 |
Income from Lease Financing Receivables | — | 183 |
134 | 287 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 69 | 148 |
Income on Loans and Leases (TE) | 19,864 | 44,236 |
Investment Interest Income (TE) | 264 | 4,769 |
Total Interest Income (TE) | 20,736 | 49,636 |
Total Interest Expense | 754 | 4,652 |
Net Interest Income (TE) | 19,982 | 44,984 |
Non-Interest Income | 6,543 | 11,387 |
Adjusted Operating Income (TE) | 26,525 | 56,298 |
Non-interest Expense | 20,277 | 38,609 |
Provision for Loan & Lease Losses | — | 1,359 |
Pretax Operating Income (TE) | 6,248 | 16,556 |
Pretax Net Operating Income (TE) | 6,248 | 16,646 |
Applicable Income Taxes | 2,301 | 5,112 |
Net Operating Income | 3,835 | 10,887 |
Net Income | 3,835 | 10,887 |
Cash Dividends Declared | 1,917 | 5,698 |
Retained Earnings | 1,918 | 5,606 |