Somerset National Bank
Somerset, KY — Domestic Branch of a Domestic Bank
Acquired Dec 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Somerset National Bank | All Insured Commercial Banks in Kentucky |
Interest and Fees on Loans | 8,043 | 6,692 |
Income from Lease Financing Receivables | — | 218 |
13 | 96 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 7 | 47 |
Income on Loans and Leases (TE) | 8,050 | 6,723 |
Investment Interest Income (TE) | 741 | 1,322 |
Total Interest Income (TE) | 8,901 | 8,343 |
Total Interest Expense | 4,356 | 3,731 |
Net Interest Income (TE) | 4,545 | 4,589 |
Non-Interest Income | 1,065 | 1,057 |
Adjusted Operating Income (TE) | 5,610 | 5,681 |
Non-interest Expense | 3,959 | 3,728 |
Provision for Loan & Lease Losses | 119 | 379 |
Pretax Operating Income (TE) | 1,532 | 2,571 |
Pretax Net Operating Income (TE) | 1,532 | 2,570 |
Applicable Income Taxes | 486 | 913 |
Net Operating Income | 1,007 | 2,003 |
Net Income | 1,007 | 2,003 |
Cash Dividends Declared | 225 | 1,462 |
Retained Earnings | 782 | 1,157 |