Net Income Analysis ( % relative to Total Revenue )
Income Statement Gateway Bank & Trust Company All Insured Commercial Banks in North Carolina
Interest and Fees on Loans 25,996 7,852
Income from Lease Financing Receivables — 42,450
— 5,198
Estimated Tax Benefit from Tax-Exempt Loan Income — 4,385
Income on Loans and Leases (TE) 25,996 7,946
Investment Interest Income (TE) 1,360 2,161
Total Interest Income (TE) 27,472 9,345
Total Interest Expense 8,334 3,622
Net Interest Income (TE) 19,138 5,724
Non-Interest Income 4,689 2,864
Adjusted Operating Income (TE) 23,827 7,771
Non-interest Expense 13,074 6,474
Provision for Loan & Lease Losses 750 1,438
Pretax Operating Income (TE) 10,003 116,121
Pretax Net Operating Income (TE) 10,003 141,761
Applicable Income Taxes 3,624 55,801
Net Operating Income 6,325 88,819
Net Income 6,325 87,705
Cash Dividends Declared — 16,480
Retained Earnings 6,325 86,291