Merchants & Southern Bank
Gainesville, FL — Domestic Branch of a Domestic Bank
Acquired May 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Merchants & Southern Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 2,578 | 3,780 |
Income from Lease Financing Receivables | — | 0 |
— | 4 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 2,578 | 3,788 |
Investment Interest Income (TE) | 814 | 488 |
Total Interest Income (TE) | 3,430 | 4,385 |
Total Interest Expense | 234 | 431 |
Net Interest Income (TE) | 3,196 | 3,912 |
Non-Interest Income | 446 | 696 |
Adjusted Operating Income (TE) | 3,642 | 4,509 |
Non-interest Expense | 2,539 | 3,757 |
Provision for Loan & Lease Losses | — | 75 |
Pretax Operating Income (TE) | 1,103 | 1,013 |
Pretax Net Operating Income (TE) | 1,103 | 1,090 |
Applicable Income Taxes | — | 289 |
Net Operating Income | 1,103 | 764 |
Net Income | 1,103 | 756 |
Cash Dividends Declared | 30 | 51 |
Retained Earnings | 1,073 | 601 |