Net Income Analysis ( % relative to Total Revenue )
Income Statement New Century Bank South All Insured Commercial Banks in North Carolina
Interest and Fees on Loans 13,467 56,456
Income from Lease Financing Receivables — 124,989
— 14,368
Estimated Tax Benefit from Tax-Exempt Loan Income — 7,042
Income on Loans and Leases (TE) 13,467 56,843
Investment Interest Income (TE) 1,250 101,439
Total Interest Income (TE) 15,128 68,397
Total Interest Expense 6,632 32,919
Net Interest Income (TE) 8,496 35,479
Non-Interest Income 1,416 167,673
Adjusted Operating Income (TE) 9,912 46,635
Non-interest Expense 6,037 41,483
Provision for Loan & Lease Losses 2 61,313
Pretax Operating Income (TE) 3,873 497,234
Pretax Net Operating Income (TE) 3,903 497,532
Applicable Income Taxes 1,447 151,162
Net Operating Income 2,426 340,877
Net Income 2,426 340,877
Cash Dividends Declared — 405,515
Retained Earnings 2,426 89,725