Independent Bank
Waco, TX — Domestic Branch of a Domestic Bank
Acquired Jan 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Independent Bank | All Insured Commercial Banks in Texas |
Interest and Fees on Loans | 13,532 | 7,694 |
Income from Lease Financing Receivables | — | 2,162 |
29 | 232 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 15 | 113 |
Income on Loans and Leases (TE) | 13,547 | 7,757 |
Investment Interest Income (TE) | 241 | 2,690 |
Total Interest Income (TE) | 13,861 | 10,197 |
Total Interest Expense | 5,435 | 3,380 |
Net Interest Income (TE) | 8,426 | 6,810 |
Non-Interest Income | 664 | 1,573 |
Adjusted Operating Income (TE) | 9,090 | 8,430 |
Non-interest Expense | 6,425 | 5,681 |
Provision for Loan & Lease Losses | 704 | 3,008 |
Pretax Operating Income (TE) | 1,961 | 6,533 |
Pretax Net Operating Income (TE) | 1,961 | 6,559 |
Applicable Income Taxes | — | 2,796 |
Net Operating Income | 1,941 | 4,933 |
Net Income | 1,941 | 4,937 |
Cash Dividends Declared | 1,543 | 3,214 |
Retained Earnings | 398 | 2,594 |