Net Income Analysis ( % relative to Total Revenue )
Income Statement Southern Community Bank And Trust All Insured Commercial Banks in North Carolina
Interest and Fees on Loans 37,765 17,112
Income from Lease Financing Receivables — 25
186 51
Estimated Tax Benefit from Tax-Exempt Loan Income 100 21
Income on Loans and Leases (TE) 37,865 17,161
Investment Interest Income (TE) 7,313 2,497
Total Interest Income (TE) 45,271 19,799
Total Interest Expense 11,221 3,606
Net Interest Income (TE) 34,050 16,193
Non-Interest Income 6,213 3,591
Adjusted Operating Income (TE) 40,263 19,614
Non-interest Expense 31,799 15,167
Provision for Loan & Lease Losses 7,100 3,442
Pretax Operating Income (TE) 1,364 2,285
Pretax Net Operating Income (TE) 14,097 2,913
Applicable Income Taxes — 647
Net Operating Income 13,473 2,241
Net Income 13,473 2,241
Cash Dividends Declared — 482
Retained Earnings 13,473 674