Net Income Analysis ( % relative to Total Revenue )
Income Statement First Palmetto Bank All Insured Commercial Banks in South Carolina
Interest and Fees on Loans 21,196 12,539
Income from Lease Financing Receivables — 0
— 22
Estimated Tax Benefit from Tax-Exempt Loan Income — 11
Income on Loans and Leases (TE) 21,196 12,587
Investment Interest Income (TE) 614 1,927
Total Interest Income (TE) 22,333 14,719
Total Interest Expense 2,952 1,274
Net Interest Income (TE) 19,381 13,414
Non-Interest Income 2,016 3,571
Adjusted Operating Income (TE) 21,397 16,851
Non-interest Expense 13,706 12,305
Provision for Loan & Lease Losses — 445
Pretax Operating Income (TE) 7,691 4,224
Pretax Net Operating Income (TE) 7,691 4,344
Applicable Income Taxes 2,858 1,192
Net Operating Income 4,833 2,936
Net Income 4,833 2,936
Cash Dividends Declared 4,600 1,017
Retained Earnings 233 1,790