Net Income Analysis ( % relative to Total Revenue )
Income Statement Farmers & Merchants Bank All Insured Commercial Banks in Georgia
Interest and Fees on Loans 22,568 8,444
Income from Lease Financing Receivables — 0
129 26
Estimated Tax Benefit from Tax-Exempt Loan Income 66 12
Income on Loans and Leases (TE) 22,634 8,459
Investment Interest Income (TE) 805 1,021
Total Interest Income (TE) 23,604 9,876
Total Interest Expense 3,915 962
Net Interest Income (TE) 19,689 8,907
Non-Interest Income 149 2,364
Adjusted Operating Income (TE) 19,838 11,707
Non-interest Expense 14,895 7,890
Provision for Loan & Lease Losses 2,975 260
Pretax Operating Income (TE) 1,968 3,396
Pretax Net Operating Income (TE) 1,985 3,480
Applicable Income Taxes -9,392 748
Net Operating Income 11,311 2,812
Net Income 11,311 2,812
Cash Dividends Declared — 844
Retained Earnings 11,311 1,559