First Trust Bank
Charlotte, NC — Domestic Branch of a Domestic Bank
Acquired Dec 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Trust Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 9,288 | 17,112 |
Income from Lease Financing Receivables | — | 25 |
— | 51 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 21 |
Income on Loans and Leases (TE) | 9,288 | 17,161 |
Investment Interest Income (TE) | 3,842 | 2,497 |
Total Interest Income (TE) | 13,189 | 19,799 |
Total Interest Expense | 2,399 | 3,606 |
Net Interest Income (TE) | 10,790 | 16,193 |
Non-Interest Income | 2 | 3,591 |
Adjusted Operating Income (TE) | 10,792 | 19,614 |
Non-interest Expense | 6,334 | 15,167 |
Provision for Loan & Lease Losses | -266 | 3,442 |
Pretax Operating Income (TE) | 4,724 | 2,285 |
Pretax Net Operating Income (TE) | 4,724 | 2,913 |
Applicable Income Taxes | 1,532 | 647 |
Net Operating Income | 2,915 | 2,241 |
Net Income | 2,915 | 2,241 |
Cash Dividends Declared | — | 482 |
Retained Earnings | 2,915 | 674 |