First American Bank
Birmingham, AL — Domestic Branch of a Domestic Bank
Acquired Jun 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First American Bank | All Insured Commercial Banks in Alabama |
Interest and Fees on Loans | 17,075 | 2,782 |
Income from Lease Financing Receivables | 359 | 7,959 |
215 | 180 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 116 | 95 |
Income on Loans and Leases (TE) | 17,550 | 2,796 |
Investment Interest Income (TE) | 1,708 | 629 |
Total Interest Income (TE) | 20,506 | 3,264 |
Total Interest Expense | 9,324 | 1,519 |
Net Interest Income (TE) | 11,182 | 1,815 |
Non-Interest Income | 6,524 | 498 |
Adjusted Operating Income (TE) | 17,706 | 2,201 |
Non-interest Expense | 10,467 | 1,404 |
Provision for Loan & Lease Losses | — | 3,009 |
Pretax Operating Income (TE) | 7,239 | 6,588 |
Pretax Net Operating Income (TE) | 7,239 | 7,535 |
Applicable Income Taxes | 2,371 | 2,522 |
Net Operating Income | 4,673 | 4,967 |
Net Income | 4,673 | 4,967 |
Cash Dividends Declared | — | 2,798 |
Retained Earnings | 4,673 | 4,048 |