Global Commerce Bank
Doraville, GA — Non-member Bank
Acquired Mar 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Global Commerce Bank | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 4,319 | 7,639 |
Income from Lease Financing Receivables | — | 0 |
— | 24 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 7 |
Income on Loans and Leases (TE) | 4,319 | 7,649 |
Investment Interest Income (TE) | 1,033 | 1,050 |
Total Interest Income (TE) | 5,375 | 8,770 |
Total Interest Expense | 2,544 | 2,246 |
Net Interest Income (TE) | 2,831 | 6,509 |
Non-Interest Income | 741 | 1,130 |
Adjusted Operating Income (TE) | 3,572 | 7,806 |
Non-interest Expense | 8,347 | 6,384 |
Provision for Loan & Lease Losses | 3,533 | 2,132 |
Pretax Operating Income (TE) | -8,308 | -452 |
Pretax Net Operating Income (TE) | -7,818 | -182 |
Applicable Income Taxes | — | 218 |
Net Operating Income | -7,818 | -374 |
Net Income | -7,818 | -385 |
Cash Dividends Declared | — | 68 |
Retained Earnings | -7,818 | -526 |