First State Bank
Franklin, TN — Domestic Branch of a Domestic Bank
Acquired Jan 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First State Bank | All Insured Commercial Banks in Tennessee |
Interest and Fees on Loans | 12,955 | 7,142 |
Income from Lease Financing Receivables | — | 2,112 |
44 | 192 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 20 | 107 |
Income on Loans and Leases (TE) | 12,975 | 7,156 |
Investment Interest Income (TE) | 2,899 | 1,584 |
Total Interest Income (TE) | 16,210 | 9,045 |
Total Interest Expense | 7,567 | 3,192 |
Net Interest Income (TE) | 8,643 | 5,828 |
Non-Interest Income | 2,152 | 1,287 |
Adjusted Operating Income (TE) | 10,795 | 7,160 |
Non-interest Expense | 9,023 | 4,443 |
Provision for Loan & Lease Losses | 1,210 | 2,572 |
Pretax Operating Income (TE) | 562 | 14,477 |
Pretax Net Operating Income (TE) | 640 | 14,669 |
Applicable Income Taxes | 139 | 4,765 |
Net Operating Income | 418 | 9,842 |
Net Income | 418 | 9,836 |
Cash Dividends Declared | — | 8,807 |
Retained Earnings | 418 | 3,800 |