Horizon Capital Bank
Houston, TX — Domestic Branch of a Domestic Bank
Acquired Oct 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Horizon Capital Bank | All Insured Commercial Banks in Texas |
Interest and Fees on Loans | 16,279 | 4,146 |
Income from Lease Financing Receivables | — | 815 |
41 | 103 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 20 | 52 |
Income on Loans and Leases (TE) | 16,299 | 4,174 |
Investment Interest Income (TE) | 590 | 1,266 |
Total Interest Income (TE) | 17,529 | 5,515 |
Total Interest Expense | 3,960 | 1,439 |
Net Interest Income (TE) | 13,569 | 4,064 |
Non-Interest Income | 1,078 | 1,036 |
Adjusted Operating Income (TE) | 14,647 | 5,193 |
Non-interest Expense | 10,184 | 3,290 |
Provision for Loan & Lease Losses | 343 | 438 |
Pretax Operating Income (TE) | 4,120 | 3,819 |
Pretax Net Operating Income (TE) | 4,105 | 3,823 |
Applicable Income Taxes | 1,369 | 1,556 |
Net Operating Income | 2,604 | 2,796 |
Net Income | 2,604 | 2,797 |
Cash Dividends Declared | — | 1,686 |
Retained Earnings | 2,604 | 1,917 |