Palm Beach County Bank
West Palm Beach, FL — Domestic Branch of a Domestic Bank
Acquired Dec 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Palm Beach County Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 13,506 | 8,042 |
Income from Lease Financing Receivables | — | 318 |
— | 103 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 51 |
Income on Loans and Leases (TE) | 13,506 | 8,050 |
Investment Interest Income (TE) | 1,805 | 1,264 |
Total Interest Income (TE) | 15,457 | 9,305 |
Total Interest Expense | 5,329 | 2,712 |
Net Interest Income (TE) | 10,128 | 6,589 |
Non-Interest Income | 233 | 1,213 |
Adjusted Operating Income (TE) | 10,361 | 7,705 |
Non-interest Expense | 5,223 | 4,690 |
Provision for Loan & Lease Losses | 555 | 514 |
Pretax Operating Income (TE) | 4,583 | 5,888 |
Pretax Net Operating Income (TE) | 4,583 | 5,903 |
Applicable Income Taxes | — | 2,349 |
Net Operating Income | 4,489 | 4,051 |
Net Income | 4,489 | 4,049 |
Cash Dividends Declared | 805 | 2,496 |
Retained Earnings | 3,684 | 3,000 |