Net Income Analysis ( % relative to Total Revenue )
Income Statement Farmers State Bank All Insured Commercial Banks in Georgia
Interest and Fees on Loans 3,156 6,216
Income from Lease Financing Receivables — 0
52 18
Estimated Tax Benefit from Tax-Exempt Loan Income 27 9
Income on Loans and Leases (TE) 3,183 6,227
Investment Interest Income (TE) 1,063 755
Total Interest Income (TE) 4,283 7,278
Total Interest Expense 409 716
Net Interest Income (TE) 3,874 6,557
Non-Interest Income 858 1,711
Adjusted Operating Income (TE) 4,732 8,586
Non-interest Expense 3,262 5,772
Provision for Loan & Lease Losses — 176
Pretax Operating Income (TE) 1,470 2,649
Pretax Net Operating Income (TE) 1,512 2,726
Applicable Income Taxes — 605
Net Operating Income 1,215 2,180
Net Income 1,215 2,180
Cash Dividends Declared 472 538
Retained Earnings 743 1,429