Heritage Bank
Decatur, AL — Domestic Branch of a Domestic Bank
Acquired Jan 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Heritage Bank | All Insured Commercial Banks in Alabama |
Interest and Fees on Loans | 25,652 | 7,817 |
Income from Lease Financing Receivables | — | 20,244 |
17 | 397 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 215 |
Income on Loans and Leases (TE) | 25,652 | 7,877 |
Investment Interest Income (TE) | 3,693 | 2,240 |
Total Interest Income (TE) | 29,514 | 9,807 |
Total Interest Expense | 11,476 | 3,026 |
Net Interest Income (TE) | 18,038 | 6,905 |
Non-Interest Income | 4,710 | 1,734 |
Adjusted Operating Income (TE) | 22,748 | 8,406 |
Non-interest Expense | 19,909 | 5,066 |
Provision for Loan & Lease Losses | 3,631 | 4,289 |
Pretax Operating Income (TE) | — | 29,376 |
Pretax Net Operating Income (TE) | — | 22,977 |
Applicable Income Taxes | — | 10,163 |
Net Operating Income | 97 | 10,773 |
Net Income | 97 | 10,773 |
Cash Dividends Declared | 699 | 13,570 |
Retained Earnings | — | 8,470 |