Oglethorpe Bank
Brunswick, GA — Non-member Bank
Acquired Jan 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Oglethorpe Bank | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 9,224 | 8,320 |
Income from Lease Financing Receivables | — | 0 |
— | 22 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 3 |
Income on Loans and Leases (TE) | 9,224 | 8,328 |
Investment Interest Income (TE) | 457 | 1,061 |
Total Interest Income (TE) | 9,732 | 9,470 |
Total Interest Expense | 4,805 | 3,285 |
Net Interest Income (TE) | 4,927 | 6,116 |
Non-Interest Income | 189 | 1,045 |
Adjusted Operating Income (TE) | 5,116 | 7,270 |
Non-interest Expense | 7,691 | 6,489 |
Provision for Loan & Lease Losses | 12,709 | 2,935 |
Pretax Operating Income (TE) | -15,284 | -1,836 |
Pretax Net Operating Income (TE) | -14,979 | -1,639 |
Applicable Income Taxes | -31 | 49 |
Net Operating Income | -14,948 | -1,576 |
Net Income | -14,948 | -1,584 |
Cash Dividends Declared | — | 82 |
Retained Earnings | -14,948 | -1,700 |