Horizon Bank
Bradenton, FL — State Member Bank
Acquired Sep 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Horizon Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 4,310 | 5,346 |
Income from Lease Financing Receivables | — | 0 |
— | 2 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 0 |
Income on Loans and Leases (TE) | 4,310 | 5,347 |
Investment Interest Income (TE) | 480 | 861 |
Total Interest Income (TE) | 4,805 | 6,368 |
Total Interest Expense | 2,005 | 1,905 |
Net Interest Income (TE) | 2,800 | 4,372 |
Non-Interest Income | 477 | 573 |
Adjusted Operating Income (TE) | 3,277 | 5,064 |
Non-interest Expense | 3,173 | 4,567 |
Provision for Loan & Lease Losses | 2,698 | 2,407 |
Pretax Operating Income (TE) | -2,594 | -1,703 |
Pretax Net Operating Income (TE) | -2,654 | -1,468 |
Applicable Income Taxes | -920 | -162 |
Net Operating Income | -1,734 | -1,237 |
Net Income | -1,734 | -1,238 |
Cash Dividends Declared | — | 13 |
Retained Earnings | -1,734 | -1,282 |