Monogram Credit Card Bank Of Georgia
Alpharetta, GA — Non-member Bank
Acquired Feb 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Monogram Credit Card Bank Of Georgia | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 633,587 | 7,738 |
Income from Lease Financing Receivables | — | 14,019 |
— | 858 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 464 |
Income on Loans and Leases (TE) | 633,587 | 7,754 |
Investment Interest Income (TE) | — | 1,005 |
Total Interest Income (TE) | 638,524 | 8,531 |
Total Interest Expense | 20,136 | 2,342 |
Net Interest Income (TE) | 618,388 | 6,158 |
Non-Interest Income | 1,394,533 | 1,282 |
Adjusted Operating Income (TE) | 2,012,921 | 7,530 |
Non-interest Expense | 716,612 | 4,451 |
Provision for Loan & Lease Losses | 380,987 | 1,194 |
Pretax Operating Income (TE) | 915,322 | 13,406 |
Pretax Net Operating Income (TE) | 915,322 | 13,240 |
Applicable Income Taxes | 338,220 | 4,842 |
Net Operating Income | 577,102 | 8,843 |
Net Income | 577,102 | 8,842 |
Cash Dividends Declared | 1,000,000 | 8,164 |
Retained Earnings | — | 3,023 |