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 5,219 20,970
Income from Lease Financing Receivables — 218
14 47
Estimated Tax Benefit from Tax-Exempt Loan Income 7 23
Income on Loans and Leases (TE) 5,226 21,211
Investment Interest Income (TE) 651 2,595
Total Interest Income (TE) 5,914 23,969
Total Interest Expense 1,049 2,031
Net Interest Income (TE) 4,865 21,938
Non-Interest Income 473 6,099
Adjusted Operating Income (TE) 5,338 27,968
Non-interest Expense 2,816 21,549
Provision for Loan & Lease Losses — 595
Pretax Operating Income (TE) 2,522 6,121
Pretax Net Operating Income (TE) 2,565 6,190
Applicable Income Taxes 856 1,711
Net Operating Income 1,591 4,197
Net Income 1,591 4,197
Cash Dividends Declared — 980
Retained Earnings 1,591 3,320