Southern Community Bank, Atlantic
Destin, FL — Domestic Branch of a Domestic Bank
Acquired Aug 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Southern Community Bank, Atlantic | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 3,294 | 4,032 |
Income from Lease Financing Receivables | — | 1,568 |
— | 81 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 43 |
Income on Loans and Leases (TE) | 3,294 | 4,049 |
Investment Interest Income (TE) | 138 | 715 |
Total Interest Income (TE) | 3,447 | 4,896 |
Total Interest Expense | 1,095 | 1,451 |
Net Interest Income (TE) | 2,352 | 3,411 |
Non-Interest Income | 253 | 813 |
Adjusted Operating Income (TE) | 2,605 | 4,270 |
Non-interest Expense | 1,486 | 2,893 |
Provision for Loan & Lease Losses | 337 | 459 |
Pretax Operating Income (TE) | 782 | 2,705 |
Pretax Net Operating Income (TE) | 787 | 2,746 |
Applicable Income Taxes | 290 | 1,097 |
Net Operating Income | 495 | 1,876 |
Net Income | 495 | 1,869 |
Cash Dividends Declared | — | 1,814 |
Retained Earnings | 495 | 1,214 |