Mercantile Bank
Orlando, FL — Domestic Branch of a Domestic Bank
Acquired Jul 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Mercantile Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 153,056 | 7,919 |
Income from Lease Financing Receivables | — | 525 |
— | 93 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 45 |
Income on Loans and Leases (TE) | 153,056 | 7,927 |
Investment Interest Income (TE) | 20,303 | 1,236 |
Total Interest Income (TE) | 175,428 | 8,987 |
Total Interest Expense | 93,852 | 4,126 |
Net Interest Income (TE) | 81,576 | 4,859 |
Non-Interest Income | 25,972 | 1,040 |
Adjusted Operating Income (TE) | 107,548 | 5,577 |
Non-interest Expense | 67,396 | 3,826 |
Provision for Loan & Lease Losses | 8,351 | 869 |
Pretax Operating Income (TE) | 31,801 | 4,013 |
Pretax Net Operating Income (TE) | 31,795 | 3,996 |
Applicable Income Taxes | 10,578 | 1,716 |
Net Operating Income | 21,217 | 2,768 |
Net Income | 21,217 | 2,768 |
Cash Dividends Declared | 50,000 | 3,040 |
Retained Earnings | — | 1,619 |