Magna Bank
Memphis, TN — Domestic Branch of a Domestic Bank
Acquired Sep 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Magna Bank | All Insured Commercial Banks in Tennessee |
Interest and Fees on Loans | 10,182 | 5,387 |
Income from Lease Financing Receivables | — | 0 |
122 | 13 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 58 | 6 |
Income on Loans and Leases (TE) | 10,240 | 5,402 |
Investment Interest Income (TE) | 706 | 776 |
Total Interest Income (TE) | 11,087 | 6,301 |
Total Interest Expense | 1,713 | 696 |
Net Interest Income (TE) | 9,374 | 5,595 |
Non-Interest Income | 6,820 | 1,294 |
Adjusted Operating Income (TE) | 16,194 | 7,030 |
Non-interest Expense | 12,450 | 4,706 |
Provision for Loan & Lease Losses | -367 | 154 |
Pretax Operating Income (TE) | 4,111 | 2,101 |
Pretax Net Operating Income (TE) | 4,111 | 2,134 |
Applicable Income Taxes | 1,445 | 447 |
Net Operating Income | 2,571 | 1,474 |
Net Income | 2,571 | 1,473 |
Cash Dividends Declared | 838 | 543 |
Retained Earnings | 1,733 | 793 |