Net Income Analysis ( % relative to Total Revenue )
Income Statement Progressive State Bank All Insured Commercial Banks in North Carolina
Interest and Fees on Loans 1,484 23,915
Income from Lease Financing Receivables — 77,478
— 5,685
Estimated Tax Benefit from Tax-Exempt Loan Income — 2,654
Income on Loans and Leases (TE) 1,484 24,147
Investment Interest Income (TE) 232 140,007
Total Interest Income (TE) 1,966 28,689
Total Interest Expense 640 11,848
Net Interest Income (TE) 1,326 16,840
Non-Interest Income 403 19,681
Adjusted Operating Income (TE) 1,729 21,832
Non-interest Expense 1,271 14,360
Provision for Loan & Lease Losses 4 5,797
Pretax Operating Income (TE) 454 279,026
Pretax Net Operating Income (TE) 454 278,651
Applicable Income Taxes 155 98,800
Net Operating Income 292 181,948
Net Income 292 181,948
Cash Dividends Declared 307 201,185
Retained Earnings — 91,040