Net Income Analysis ( % relative to Total Revenue )
Income Statement Seaside National Bank & Trust All Insured Commercial Banks in Florida
Interest and Fees on Loans 41,570 17,732
Income from Lease Financing Receivables — 0
246 43
Estimated Tax Benefit from Tax-Exempt Loan Income 131 22
Income on Loans and Leases (TE) 41,701 17,770
Investment Interest Income (TE) 7,565 2,218
Total Interest Income (TE) 49,938 20,559
Total Interest Expense 6,540 2,162
Net Interest Income (TE) 43,398 18,272
Non-Interest Income 8,748 3,794
Adjusted Operating Income (TE) 52,146 22,711
Non-interest Expense 34,490 16,000
Provision for Loan & Lease Losses 2,313 402
Pretax Operating Income (TE) 15,343 6,153
Pretax Net Operating Income (TE) 15,372 6,294
Applicable Income Taxes 5,671 1,702
Net Operating Income 9,436 4,381
Net Income 9,436 4,381
Cash Dividends Declared — 1,082
Retained Earnings 9,436 2,782