Friendship Bank
Friendship, TN — Domestic Branch of a Domestic Bank
Acquired Jan 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Friendship Bank | All Insured Commercial Banks in Tennessee |
Interest and Fees on Loans | 4,376 | 7,380 |
Income from Lease Financing Receivables | — | 685 |
26 | 106 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 13 | 51 |
Income on Loans and Leases (TE) | 4,389 | 7,399 |
Investment Interest Income (TE) | 654 | 1,397 |
Total Interest Income (TE) | 5,067 | 8,984 |
Total Interest Expense | 1,631 | 2,371 |
Net Interest Income (TE) | 3,436 | 6,579 |
Non-Interest Income | 470 | 1,560 |
Adjusted Operating Income (TE) | 3,906 | 8,183 |
Non-interest Expense | 3,238 | 5,238 |
Provision for Loan & Lease Losses | 80 | 1,272 |
Pretax Operating Income (TE) | 588 | 9,082 |
Pretax Net Operating Income (TE) | 753 | 9,486 |
Applicable Income Taxes | — | 3,078 |
Net Operating Income | 694 | 6,377 |
Net Income | 694 | 6,377 |
Cash Dividends Declared | 521 | 2,572 |
Retained Earnings | 173 | 4,724 |