Security Savings Bank, Ssb
Southport, NC — Domestic Branch of a Domestic Bank
Acquired Oct 2013
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Security Savings Bank, Ssb | All Insured Savings Banks in North Carolina |
| Interest and Fees on Loans | 6,028 | 5,639 |
| Income from Lease Financing Receivables | — | 0 |
| — | 4 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 1 |
| Income on Loans and Leases (TE) | 6,028 | 5,640 |
| Investment Interest Income (TE) | 43 | 611 |
| Total Interest Income (TE) | 6,179 | 6,434 |
| Total Interest Expense | 2,167 | 1,273 |
| Net Interest Income (TE) | 4,012 | 5,147 |
| Non-Interest Income | -481 | 624 |
| Adjusted Operating Income (TE) | 3,531 | 5,751 |
| Non-interest Expense | 5,422 | 4,609 |
| Provision for Loan & Lease Losses | — | 165 |
| Pretax Operating Income (TE) | -1,891 | 921 |
| Pretax Net Operating Income (TE) | -1,891 | 974 |
| Applicable Income Taxes | — | 259 |
| Net Operating Income | -1,891 | 666 |
| Net Income | -1,891 | 666 |
| Cash Dividends Declared | — | 21 |
| Retained Earnings | -1,891 | 633 |