Main Street Bank
Covington, GA — Domestic Branch of a Domestic Bank
Acquired Sep 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Main Street Bank | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 12,657 | 5,891 |
Income from Lease Financing Receivables | — | 47,222 |
35 | 641 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 18 | 336 |
Income on Loans and Leases (TE) | 12,675 | 5,900 |
Investment Interest Income (TE) | 80 | 650 |
Total Interest Income (TE) | 13,681 | 6,538 |
Total Interest Expense | 5,493 | 2,616 |
Net Interest Income (TE) | 8,188 | 3,988 |
Non-Interest Income | 1,317 | 756 |
Adjusted Operating Income (TE) | 9,505 | 4,758 |
Non-interest Expense | 4,974 | 2,629 |
Provision for Loan & Lease Losses | — | 679 |
Pretax Operating Income (TE) | 4,989 | 9,224 |
Pretax Net Operating Income (TE) | 4,989 | 9,236 |
Applicable Income Taxes | 1,543 | 3,538 |
Net Operating Income | 3,427 | 6,227 |
Net Income | 3,427 | 6,227 |
Cash Dividends Declared | — | 4,367 |
Retained Earnings | 3,427 | 3,904 |