First State Bank
Union City, TN — Non-member Bank
Acquired Sep 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First State Bank | All Insured Commercial Banks in Tennessee |
Interest and Fees on Loans | 23,787 | 5,387 |
Income from Lease Financing Receivables | — | 0 |
24 | 13 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 13 | 6 |
Income on Loans and Leases (TE) | 23,800 | 5,402 |
Investment Interest Income (TE) | 4,111 | 776 |
Total Interest Income (TE) | 28,094 | 6,301 |
Total Interest Expense | 2,306 | 696 |
Net Interest Income (TE) | 25,788 | 5,595 |
Non-Interest Income | 7,652 | 1,294 |
Adjusted Operating Income (TE) | 33,440 | 7,030 |
Non-interest Expense | 18,013 | 4,706 |
Provision for Loan & Lease Losses | 1,905 | 154 |
Pretax Operating Income (TE) | 13,522 | 2,101 |
Pretax Net Operating Income (TE) | 13,524 | 2,134 |
Applicable Income Taxes | 4,680 | 447 |
Net Operating Income | 8,351 | 1,474 |
Net Income | 8,351 | 1,473 |
Cash Dividends Declared | 25,000 | 543 |
Retained Earnings | -16,649 | 793 |