Net Income Analysis ( % relative to Total Revenue )
Income Statement Mountainbank All Insured Commercial Banks in North Carolina
Interest and Fees on Loans 34,937 24,249
Income from Lease Financing Receivables — 74,118
— 5,794
Estimated Tax Benefit from Tax-Exempt Loan Income — 2,983
Income on Loans and Leases (TE) 34,937 24,548
Investment Interest Income (TE) 1,964 5,167
Total Interest Income (TE) 37,319 30,146
Total Interest Expense 13,057 9,207
Net Interest Income (TE) 24,262 20,939
Non-Interest Income 6,764 8,933
Adjusted Operating Income (TE) 31,026 29,870
Non-interest Expense 17,785 21,006
Provision for Loan & Lease Losses 3,780 10,234
Pretax Operating Income (TE) 9,461 266,108
Pretax Net Operating Income (TE) 9,628 283,171
Applicable Income Taxes 3,659 107,969
Net Operating Income 5,969 190,424
Net Income 5,969 190,424
Cash Dividends Declared — 379,452
Retained Earnings 5,969 15,529