Net Income Analysis ( % relative to Total Revenue )
Income Statement Gulfstream Business Bank All Insured Commercial Banks in Florida
Interest and Fees on Loans 18,754 12,424
Income from Lease Financing Receivables 24 0
— 5
Estimated Tax Benefit from Tax-Exempt Loan Income — 2
Income on Loans and Leases (TE) 18,778 12,440
Investment Interest Income (TE) 841 1,715
Total Interest Income (TE) 19,928 14,548
Total Interest Expense 2,052 1,743
Net Interest Income (TE) 17,876 12,724
Non-Interest Income 2,042 2,517
Adjusted Operating Income (TE) 19,918 15,849
Non-interest Expense 13,285 12,447
Provision for Loan & Lease Losses 152 473
Pretax Operating Income (TE) 6,481 2,445
Pretax Net Operating Income (TE) 6,428 2,604
Applicable Income Taxes 2,382 622
Net Operating Income 4,046 2,126
Net Income 4,046 2,206
Cash Dividends Declared 8,050 251
Retained Earnings -4,004 1,572