Firstbank Financial Services
Mcdonough, GA — Non-member Bank
Acquired Feb 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Firstbank Financial Services | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 14,162 | 11,562 |
Income from Lease Financing Receivables | — | 249,253 |
— | 1,646 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 1,331 |
Income on Loans and Leases (TE) | 14,162 | 11,601 |
Investment Interest Income (TE) | 3,044 | 1,584 |
Total Interest Income (TE) | 17,791 | 12,966 |
Total Interest Expense | 13,496 | 6,310 |
Net Interest Income (TE) | 4,295 | 6,717 |
Non-Interest Income | 454 | 14,008 |
Adjusted Operating Income (TE) | 4,749 | 8,136 |
Non-interest Expense | 8,306 | 6,799 |
Provision for Loan & Lease Losses | 21,709 | 4,356 |
Pretax Operating Income (TE) | — | 3,517 |
Pretax Net Operating Income (TE) | — | 11,167 |
Applicable Income Taxes | 70 | 1,642 |
Net Operating Income | — | 8,994 |
Net Income | — | 8,994 |
Cash Dividends Declared | — | 8,149 |
Retained Earnings | — | 1,228 |