Indian River National Bank
Vero Beach, FL — Domestic Branch of a Domestic Bank
Acquired Apr 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Indian River National Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 3,543 | 3,495 |
Income from Lease Financing Receivables | 18 | — |
33 | 52 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 16 | 25 |
Income on Loans and Leases (TE) | 3,577 | 3,497 |
Investment Interest Income (TE) | 492 | 562 |
Total Interest Income (TE) | 4,257 | 4,102 |
Total Interest Expense | 1,707 | 1,912 |
Net Interest Income (TE) | 2,550 | 2,182 |
Non-Interest Income | 441 | 389 |
Adjusted Operating Income (TE) | 2,991 | 2,537 |
Non-interest Expense | 1,631 | 2,000 |
Provision for Loan & Lease Losses | — | 981 |
Pretax Operating Income (TE) | 1,360 | 1,590 |
Pretax Net Operating Income (TE) | 1,360 | 1,622 |
Applicable Income Taxes | 437 | 645 |
Net Operating Income | 904 | 1,113 |
Net Income | 904 | 1,113 |
Cash Dividends Declared | — | 1,193 |
Retained Earnings | 904 | 1,006 |