Old Southern Bank
Orlando, FL — State Member Bank
Acquired Mar 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Old Southern Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 14,596 | 11,670 |
Income from Lease Financing Receivables | — | — |
— | 212 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 42 |
Income on Loans and Leases (TE) | 14,596 | 11,672 |
Investment Interest Income (TE) | 1,969 | 1,954 |
Total Interest Income (TE) | 16,670 | 13,919 |
Total Interest Expense | 9,420 | 5,344 |
Net Interest Income (TE) | 7,250 | 8,324 |
Non-Interest Income | 812 | 3,564 |
Adjusted Operating Income (TE) | 8,062 | 9,705 |
Non-interest Expense | 13,444 | 9,751 |
Provision for Loan & Lease Losses | 28,884 | 7,486 |
Pretax Operating Income (TE) | — | 3,966 |
Pretax Net Operating Income (TE) | — | 3,852 |
Applicable Income Taxes | — | 2,337 |
Net Operating Income | — | 2,512 |
Net Income | — | 2,508 |
Cash Dividends Declared | — | 3,346 |
Retained Earnings | — | 1,229 |