First Choice Community Bank 1874
Newnan, GA — Domestic Branch of a Domestic Bank
Acquired Mar 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Choice Community Bank 1874 | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 11,224 | 9,908 |
Income from Lease Financing Receivables | 46 | — |
8 | 1,775 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 47 |
Income on Loans and Leases (TE) | 11,270 | 9,919 |
Investment Interest Income (TE) | 98 | 1,405 |
Total Interest Income (TE) | 11,437 | 11,217 |
Total Interest Expense | 5,921 | 4,859 |
Net Interest Income (TE) | 5,516 | 6,287 |
Non-Interest Income | — | 15,809 |
Adjusted Operating Income (TE) | 4,267 | 7,416 |
Non-interest Expense | 6,485 | 6,981 |
Provision for Loan & Lease Losses | 2,072 | 5,322 |
Pretax Operating Income (TE) | — | 1,597 |
Pretax Net Operating Income (TE) | — | 1,710 |
Applicable Income Taxes | — | 815 |
Net Operating Income | — | 1,224 |
Net Income | — | 1,224 |
Cash Dividends Declared | — | 988 |
Retained Earnings | — | 820 |