Mountain 1St Bank & Trust Company
Hendersonville, NC — Domestic Branch of a Domestic Bank
Acquired Jan 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Mountain 1St Bank & Trust Company | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 17,537 | 41,740 |
Income from Lease Financing Receivables | — | 415 |
— | 85 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 42 |
Income on Loans and Leases (TE) | 17,537 | 42,198 |
Investment Interest Income (TE) | 5,525 | 4,240 |
Total Interest Income (TE) | 23,395 | 46,744 |
Total Interest Expense | 3,834 | 4,680 |
Net Interest Income (TE) | 19,561 | 42,066 |
Non-Interest Income | 4,108 | 12,053 |
Adjusted Operating Income (TE) | 23,669 | 53,880 |
Non-interest Expense | 19,760 | 40,527 |
Provision for Loan & Lease Losses | 940 | 1,942 |
Pretax Operating Income (TE) | 2,969 | 12,340 |
Pretax Net Operating Income (TE) | 3,181 | 12,526 |
Applicable Income Taxes | — | 3,844 |
Net Operating Income | 3,181 | 8,310 |
Net Income | 3,181 | 8,315 |
Cash Dividends Declared | 30 | 4,087 |
Retained Earnings | 3,151 | 4,258 |