First Nation Bank
Covington, GA — Domestic Branch of a Domestic Bank
Acquired Sep 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Nation Bank | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 14,494 | 6,910 |
Income from Lease Financing Receivables | — | — |
50 | 1,047 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 6 | 586 |
Income on Loans and Leases (TE) | 14,500 | 6,920 |
Investment Interest Income (TE) | 1,244 | 736 |
Total Interest Income (TE) | 15,829 | 7,665 |
Total Interest Expense | 6,550 | 3,543 |
Net Interest Income (TE) | 9,279 | 4,120 |
Non-Interest Income | 2,255 | 724 |
Adjusted Operating Income (TE) | 11,534 | 4,907 |
Non-interest Expense | 6,538 | 2,872 |
Provision for Loan & Lease Losses | 2,758 | 1,206 |
Pretax Operating Income (TE) | 2,238 | 9,068 |
Pretax Net Operating Income (TE) | 2,238 | 9,927 |
Applicable Income Taxes | 700 | 4,004 |
Net Operating Income | 1,523 | 6,567 |
Net Income | 1,523 | 6,567 |
Cash Dividends Declared | 2,753 | 5,517 |
Retained Earnings | — | 3,731 |