Gulf State Community Bank
Carrabelle, FL — Non-member Bank
Acquired Nov 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Gulf State Community Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 3,051 | 7,885 |
Income from Lease Financing Receivables | — | 0 |
— | 3 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 0 |
Income on Loans and Leases (TE) | 3,051 | 7,887 |
Investment Interest Income (TE) | 294 | 1,249 |
Total Interest Income (TE) | 3,355 | 9,364 |
Total Interest Expense | 1,339 | 2,721 |
Net Interest Income (TE) | 2,016 | 6,566 |
Non-Interest Income | -523 | 879 |
Adjusted Operating Income (TE) | 1,493 | 7,723 |
Non-interest Expense | 4,279 | 6,804 |
Provision for Loan & Lease Losses | 1,500 | 3,529 |
Pretax Operating Income (TE) | -4,286 | -2,356 |
Pretax Net Operating Income (TE) | -4,286 | -1,941 |
Applicable Income Taxes | — | -215 |
Net Operating Income | -4,286 | -1,606 |
Net Income | -4,286 | -1,607 |
Cash Dividends Declared | — | 15 |
Retained Earnings | -4,286 | -1,667 |