First Priority Bank
Bradenton, FL — Non-member Bank
Acquired Aug 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Priority Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 5,384 | 6,719 |
Income from Lease Financing Receivables | — | — |
— | 101 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 48 |
Income on Loans and Leases (TE) | 5,384 | 6,722 |
Investment Interest Income (TE) | 1,084 | 1,136 |
Total Interest Income (TE) | 6,685 | 7,907 |
Total Interest Expense | 5,427 | 3,553 |
Net Interest Income (TE) | 1,258 | 4,330 |
Non-Interest Income | 79 | 893 |
Adjusted Operating Income (TE) | 1,337 | 4,993 |
Non-interest Expense | 5,908 | 3,999 |
Provision for Loan & Lease Losses | 7,991 | 2,415 |
Pretax Operating Income (TE) | — | 3,118 |
Pretax Net Operating Income (TE) | — | 3,191 |
Applicable Income Taxes | — | 1,298 |
Net Operating Income | — | 2,216 |
Net Income | — | 2,216 |
Cash Dividends Declared | — | 1,621 |
Retained Earnings | — | 1,915 |