First National Bank Of The South
Spartanburg, SC — National Bank
Acquired Jul 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First National Bank Of The South | All Insured Commercial Banks in South Carolina |
Interest and Fees on Loans | 11,382 | 6,726 |
Income from Lease Financing Receivables | — | 0 |
— | 12 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 3 |
Income on Loans and Leases (TE) | 11,382 | 6,730 |
Investment Interest Income (TE) | 1,335 | 1,169 |
Total Interest Income (TE) | 12,867 | 7,930 |
Total Interest Expense | 7,001 | 2,645 |
Net Interest Income (TE) | 5,866 | 5,289 |
Non-Interest Income | 1,120 | 1,250 |
Adjusted Operating Income (TE) | 6,986 | 6,537 |
Non-interest Expense | 9,816 | 5,048 |
Provision for Loan & Lease Losses | 5,700 | 2,421 |
Pretax Operating Income (TE) | -8,530 | -465 |
Pretax Net Operating Income (TE) | -8,289 | -278 |
Applicable Income Taxes | 370 | 24 |
Net Operating Income | -8,659 | -288 |
Net Income | -8,659 | -288 |
Cash Dividends Declared | — | 58 |
Retained Earnings | -8,659 | -360 |