Prime Bank
Melbourne, FL — Domestic Branch of a Domestic Bank
Acquired May 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Prime Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 742 | 2,804 |
Income from Lease Financing Receivables | — | — |
— | 51 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 14 |
Income on Loans and Leases (TE) | 742 | 2,805 |
Investment Interest Income (TE) | 45 | 438 |
Total Interest Income (TE) | 797 | 3,319 |
Total Interest Expense | 211 | 1,042 |
Net Interest Income (TE) | 586 | 2,232 |
Non-Interest Income | 82 | 330 |
Adjusted Operating Income (TE) | 668 | 2,679 |
Non-interest Expense | 537 | 2,378 |
Provision for Loan & Lease Losses | — | 2,065 |
Pretax Operating Income (TE) | 131 | -810 |
Pretax Net Operating Income (TE) | 131 | -702 |
Applicable Income Taxes | 43 | 148 |
Net Operating Income | 88 | -610 |
Net Income | 88 | -610 |
Cash Dividends Declared | — | 424 |
Retained Earnings | 88 | -631 |