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