First Reliance Bank
Florence, SC — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | First Reliance Bank | All Insured Commercial Banks in South Carolina |
| Interest and Fees on Loans | 14,459 | 12,539 |
| Income from Lease Financing Receivables | — | 0 |
| — | 22 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 11 |
| Income on Loans and Leases (TE) | 14,459 | 12,587 |
| Investment Interest Income (TE) | 973 | 1,927 |
| Total Interest Income (TE) | 15,533 | 14,719 |
| Total Interest Expense | 730 | 1,274 |
| Net Interest Income (TE) | 14,803 | 13,414 |
| Non-Interest Income | 10,597 | 3,571 |
| Adjusted Operating Income (TE) | 25,400 | 16,851 |
| Non-interest Expense | 19,689 | 12,305 |
| Provision for Loan & Lease Losses | 9 | 445 |
| Pretax Operating Income (TE) | 5,702 | 4,224 |
| Pretax Net Operating Income (TE) | 5,715 | 4,344 |
| Applicable Income Taxes | 1,915 | 1,192 |
| Net Operating Income | 3,742 | 2,936 |
| Net Income | 3,742 | 2,936 |
| Cash Dividends Declared | 6,000 | 1,017 |
| Retained Earnings | -2,258 | 1,790 |