Old Harbor Bank
Clearwater, FL — Non-member Bank
Acquired Oct 2011
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Old Harbor Bank | All Insured Commercial Banks in Florida |
| Interest and Fees on Loans | 5,978 | 8,694 |
| Income from Lease Financing Receivables | — | 0 |
| — | 4 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 1 |
| Income on Loans and Leases (TE) | 5,978 | 8,699 |
| Investment Interest Income (TE) | 563 | 1,310 |
| Total Interest Income (TE) | 6,570 | 10,309 |
| Total Interest Expense | 1,929 | 2,132 |
| Net Interest Income (TE) | 4,641 | 8,033 |
| Non-Interest Income | 237 | 1,179 |
| Adjusted Operating Income (TE) | 4,878 | 9,295 |
| Non-interest Expense | 6,744 | 7,938 |
| Provision for Loan & Lease Losses | 8,078 | 2,224 |
| Pretax Operating Income (TE) | -9,944 | -572 |
| Pretax Net Operating Income (TE) | -9,944 | -321 |
| Applicable Income Taxes | — | 15 |
| Net Operating Income | -9,944 | -302 |
| Net Income | -9,944 | -302 |
| Cash Dividends Declared | — | 3 |
| Retained Earnings | -9,944 | -355 |