First National Bank Of The Carolinas
Gaffney, SC — Domestic Branch of a Domestic Bank
Acquired Apr 2005
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | First National Bank Of The Carolinas | All Insured Commercial Banks in South Carolina |
| Interest and Fees on Loans | 986 | 2,948 |
| Income from Lease Financing Receivables | — | 275 |
| 5 | 31 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 3 | 16 |
| Income on Loans and Leases (TE) | 989 | 2,952 |
| Investment Interest Income (TE) | 56 | 429 |
| Total Interest Income (TE) | 1,065 | 3,434 |
| Total Interest Expense | 228 | 969 |
| Net Interest Income (TE) | 837 | 2,466 |
| Non-Interest Income | 134 | 561 |
| Adjusted Operating Income (TE) | 971 | 3,026 |
| Non-interest Expense | 542 | 1,698 |
| Provision for Loan & Lease Losses | 14 | 370 |
| Pretax Operating Income (TE) | 415 | 2,459 |
| Pretax Net Operating Income (TE) | 415 | 2,471 |
| Applicable Income Taxes | 151 | 840 |
| Net Operating Income | 256 | 1,634 |
| Net Income | 256 | 1,634 |
| Cash Dividends Declared | — | 899 |
| Retained Earnings | 256 | 1,501 |