Southern Community Bank And Trust
Winston Salem, NC — Domestic Branch of a Domestic Bank
Acquired Oct 2012
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 |