Mechanics & Farmers Bank
Durham, NC — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Mechanics & Farmers Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 7,865 | 43,859 |
Income from Lease Financing Receivables | — | 183 |
— | 287 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 148 |
Income on Loans and Leases (TE) | 7,865 | 44,236 |
Investment Interest Income (TE) | 1,471 | 4,769 |
Total Interest Income (TE) | 9,612 | 49,636 |
Total Interest Expense | 741 | 4,652 |
Net Interest Income (TE) | 8,871 | 44,984 |
Non-Interest Income | 533 | 11,387 |
Adjusted Operating Income (TE) | 9,404 | 56,298 |
Non-interest Expense | 10,421 | 38,609 |
Provision for Loan & Lease Losses | 5,181 | 1,359 |
Pretax Operating Income (TE) | -6,198 | 16,556 |
Pretax Net Operating Income (TE) | -5,957 | 16,646 |
Applicable Income Taxes | -2,226 | 5,112 |
Net Operating Income | -3,731 | 10,887 |
Net Income | -3,731 | 10,887 |
Cash Dividends Declared | 9,845 | 5,698 |
Retained Earnings | -13,576 | 5,606 |