Midcarolina Bank
Burlington, NC — Domestic Branch of a Domestic Bank
Acquired Jul 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Midcarolina Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 10,346 | 16,852 |
Income from Lease Financing Receivables | — | 62 |
— | 33 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 7 |
Income on Loans and Leases (TE) | 10,346 | 16,923 |
Investment Interest Income (TE) | 1,265 | 2,167 |
Total Interest Income (TE) | 11,656 | 19,669 |
Total Interest Expense | 2,633 | 4,278 |
Net Interest Income (TE) | 9,023 | 15,023 |
Non-Interest Income | -6,128 | 3,177 |
Adjusted Operating Income (TE) | 2,895 | 17,840 |
Non-interest Expense | 10,087 | 14,822 |
Provision for Loan & Lease Losses | 2,400 | 5,195 |
Pretax Operating Income (TE) | -9,592 | -126 |
Pretax Net Operating Income (TE) | -10,452 | -22 |
Applicable Income Taxes | -3,886 | 263 |
Net Operating Income | -6,566 | -298 |
Net Income | -6,566 | -298 |
Cash Dividends Declared | — | 175 |
Retained Earnings | -6,566 | -1,009 |