Net Income Analysis ( % relative to Total Revenue )
Income Statement Select Bank & Trust Company All Insured Commercial Banks in North Carolina
Interest and Fees on Loans 33,183 43,859
Income from Lease Financing Receivables — 183
97 287
Estimated Tax Benefit from Tax-Exempt Loan Income 52 148
Income on Loans and Leases (TE) 33,235 44,236
Investment Interest Income (TE) 1,587 4,769
Total Interest Income (TE) 35,329 49,636
Total Interest Expense 3,386 4,652
Net Interest Income (TE) 31,943 44,984
Non-Interest Income 2,447 11,387
Adjusted Operating Income (TE) 34,390 56,298
Non-interest Expense 21,450 38,609
Provision for Loan & Lease Losses 1,516 1,359
Pretax Operating Income (TE) 11,424 16,556
Pretax Net Operating Income (TE) 11,446 16,646
Applicable Income Taxes 3,787 5,112
Net Operating Income 7,396 10,887
Net Income 7,396 10,887
Cash Dividends Declared 8,343 5,698
Retained Earnings -947 5,606