Grandsouth Bank
Greenville, SC — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Grandsouth Bank | All Insured Commercial Banks in South Carolina |
Interest and Fees on Loans | 29,103 | 12,539 |
Income from Lease Financing Receivables | — | 0 |
— | 22 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 11 |
Income on Loans and Leases (TE) | 29,103 | 12,587 |
Investment Interest Income (TE) | 722 | 1,927 |
Total Interest Income (TE) | 30,061 | 14,719 |
Total Interest Expense | 2,309 | 1,274 |
Net Interest Income (TE) | 27,752 | 13,414 |
Non-Interest Income | 1,213 | 3,571 |
Adjusted Operating Income (TE) | 28,965 | 16,851 |
Non-interest Expense | 20,331 | 12,305 |
Provision for Loan & Lease Losses | 3,269 | 445 |
Pretax Operating Income (TE) | 5,365 | 4,224 |
Pretax Net Operating Income (TE) | 5,485 | 4,344 |
Applicable Income Taxes | 1,978 | 1,192 |
Net Operating Income | 3,384 | 2,936 |
Net Income | 3,384 | 2,936 |
Cash Dividends Declared | 3,000 | 1,017 |
Retained Earnings | 384 | 1,790 |