North Georgia Bank
Watkinsville, GA — Non-member Bank
Acquired Feb 2011
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | North Georgia Bank | All Insured Commercial Banks in Georgia |
| Interest and Fees on Loans | 5,120 | 8,320 |
| Income from Lease Financing Receivables | — | 0 |
| — | 22 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 3 |
| Income on Loans and Leases (TE) | 5,120 | 8,328 |
| Investment Interest Income (TE) | 920 | 1,061 |
| Total Interest Income (TE) | 6,074 | 9,470 |
| Total Interest Expense | 4,160 | 3,285 |
| Net Interest Income (TE) | 1,914 | 6,116 |
| Non-Interest Income | 371 | 1,045 |
| Adjusted Operating Income (TE) | 2,285 | 7,270 |
| Non-interest Expense | 5,550 | 6,489 |
| Provision for Loan & Lease Losses | 4,645 | 2,935 |
| Pretax Operating Income (TE) | -7,910 | -1,836 |
| Pretax Net Operating Income (TE) | -7,593 | -1,639 |
| Applicable Income Taxes | — | 49 |
| Net Operating Income | -7,593 | -1,576 |
| Net Income | -7,593 | -1,584 |
| Cash Dividends Declared | — | 82 |
| Retained Earnings | -7,593 | -1,700 |