Sarasota Bank
Sarasota, FL — Domestic Branch of a Domestic Bank
Acquired Dec 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sarasota Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 6,595 | 6,108 |
Income from Lease Financing Receivables | — | 1,838 |
— | 115 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 59 |
Income on Loans and Leases (TE) | 6,595 | 6,133 |
Investment Interest Income (TE) | 670 | 1,086 |
Total Interest Income (TE) | 7,343 | 7,375 |
Total Interest Expense | 2,546 | 2,118 |
Net Interest Income (TE) | 4,797 | 5,202 |
Non-Interest Income | 282 | 1,278 |
Adjusted Operating Income (TE) | 5,079 | 6,505 |
Non-interest Expense | 2,247 | 4,380 |
Provision for Loan & Lease Losses | 580 | 632 |
Pretax Operating Income (TE) | 2,252 | 4,252 |
Pretax Net Operating Income (TE) | 2,446 | 4,296 |
Applicable Income Taxes | 970 | 1,694 |
Net Operating Income | 1,429 | 2,891 |
Net Income | 1,429 | 2,880 |
Cash Dividends Declared | 160 | 2,343 |
Retained Earnings | 1,269 | 1,948 |