Sea Island Bank
Statesboro, GA — Domestic Branch of a Domestic Bank
Acquired Jun 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sea Island Bank | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 8,320 | 2,352 |
Income from Lease Financing Receivables | 16 | — |
84 | 544 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 12 |
Income on Loans and Leases (TE) | 8,336 | 2,355 |
Investment Interest Income (TE) | 427 | 315 |
Total Interest Income (TE) | 8,954 | 2,603 |
Total Interest Expense | 2,367 | 983 |
Net Interest Income (TE) | 6,587 | 1,616 |
Non-Interest Income | -2,454 | 311 |
Adjusted Operating Income (TE) | 4,133 | 1,987 |
Non-interest Expense | 4,797 | 1,634 |
Provision for Loan & Lease Losses | 4,577 | 5,452 |
Pretax Operating Income (TE) | -5,241 | -222 |
Pretax Net Operating Income (TE) | -5,241 | -188 |
Applicable Income Taxes | -575 | 372 |
Net Operating Income | -4,666 | -196 |
Net Income | -4,666 | -176 |
Cash Dividends Declared | — | 382 |
Retained Earnings | -4,666 | -218 |