Southcoast Community Bank
Mount Pleasant, SC — Domestic Branch of a Domestic Bank
Acquired Jun 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Southcoast Community Bank | All Insured Commercial Banks in South Carolina |
Interest and Fees on Loans | 4,474 | 2,979 |
Income from Lease Financing Receivables | — | 0 |
— | 4 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 4,474 | 2,990 |
Investment Interest Income (TE) | 231 | 465 |
Total Interest Income (TE) | 4,770 | 3,518 |
Total Interest Expense | 801 | 338 |
Net Interest Income (TE) | 3,969 | 3,177 |
Non-Interest Income | 632 | 790 |
Adjusted Operating Income (TE) | 4,601 | 3,941 |
Non-interest Expense | 2,953 | 2,871 |
Provision for Loan & Lease Losses | -500 | 101 |
Pretax Operating Income (TE) | 2,148 | 993 |
Pretax Net Operating Income (TE) | 2,148 | 1,024 |
Applicable Income Taxes | 294 | 269 |
Net Operating Income | 1,854 | 708 |
Net Income | 1,854 | 708 |
Cash Dividends Declared | — | 139 |
Retained Earnings | 1,854 | 535 |