Highlands Independent Bank
Sebring, FL — Domestic Branch of a Domestic Bank
Acquired Oct 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Highlands Independent Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 4,655 | 10,179 |
Income from Lease Financing Receivables | — | 0 |
— | 8 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 4 |
Income on Loans and Leases (TE) | 4,655 | 10,188 |
Investment Interest Income (TE) | 716 | 1,454 |
Total Interest Income (TE) | 5,470 | 11,907 |
Total Interest Expense | 294 | 1,230 |
Net Interest Income (TE) | 5,176 | 10,568 |
Non-Interest Income | 1,151 | 1,794 |
Adjusted Operating Income (TE) | 6,327 | 12,817 |
Non-interest Expense | 6,017 | 9,935 |
Provision for Loan & Lease Losses | 7 | 235 |
Pretax Operating Income (TE) | 303 | 2,517 |
Pretax Net Operating Income (TE) | -39 | 2,619 |
Applicable Income Taxes | -436 | 644 |
Net Operating Income | 397 | 2,044 |
Net Income | 397 | 2,044 |
Cash Dividends Declared | — | 214 |
Retained Earnings | 397 | 1,573 |