Florida Gulf Bank
Fort Myers, FL — Domestic Branch of a Domestic Bank
Acquired Aug 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Florida Gulf Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 6,380 | 6,117 |
Income from Lease Financing Receivables | — | 0 |
— | 3 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 1 |
Income on Loans and Leases (TE) | 6,380 | 6,122 |
Investment Interest Income (TE) | 671 | 909 |
Total Interest Income (TE) | 7,086 | 7,215 |
Total Interest Expense | 1,040 | 1,152 |
Net Interest Income (TE) | 6,046 | 6,000 |
Non-Interest Income | 838 | 1,034 |
Adjusted Operating Income (TE) | 6,884 | 7,207 |
Non-interest Expense | 4,281 | 5,852 |
Provision for Loan & Lease Losses | 1,200 | 882 |
Pretax Operating Income (TE) | 1,403 | 392 |
Pretax Net Operating Income (TE) | 1,474 | 736 |
Applicable Income Taxes | 560 | 186 |
Net Operating Income | 914 | 494 |
Net Income | 914 | 494 |
Cash Dividends Declared | — | 19 |
Retained Earnings | 914 | 388 |