Southern Bank Of Commerce
Paragould, AR — Domestic Branch of a Domestic Bank
Acquired Jul 2009
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Southern Bank Of Commerce | All Insured Commercial Banks in Arkansas |
| Interest and Fees on Loans | 695 | 5,062 |
| Income from Lease Financing Receivables | — | 996 |
| — | 74 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 40 |
| Income on Loans and Leases (TE) | 695 | 5,076 |
| Investment Interest Income (TE) | 40 | 1,166 |
| Total Interest Income (TE) | 784 | 6,226 |
| Total Interest Expense | 463 | 2,059 |
| Net Interest Income (TE) | 321 | 4,135 |
| Non-Interest Income | — | 1,129 |
| Adjusted Operating Income (TE) | 321 | 5,174 |
| Non-interest Expense | 957 | 3,468 |
| Provision for Loan & Lease Losses | 20 | 1,777 |
| Pretax Operating Income (TE) | — | 2,623 |
| Pretax Net Operating Income (TE) | — | 2,917 |
| Applicable Income Taxes | — | 854 |
| Net Operating Income | — | 1,994 |
| Net Income | — | 1,994 |
| Cash Dividends Declared | — | 1,336 |
| Retained Earnings | — | 1,396 |