Southern Community Bank Of South Florida
Boca Raton, FL — Domestic Branch of a Domestic Bank
Acquired Sep 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Southern Community Bank Of South Florida | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 4,414 | 4,329 |
Income from Lease Financing Receivables | — | 879 |
— | 82 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 45 |
Income on Loans and Leases (TE) | 4,414 | 4,348 |
Investment Interest Income (TE) | 211 | 793 |
Total Interest Income (TE) | 4,659 | 5,103 |
Total Interest Expense | 1,771 | 1,292 |
Net Interest Income (TE) | 2,888 | 3,799 |
Non-Interest Income | 101 | 862 |
Adjusted Operating Income (TE) | 2,989 | 4,679 |
Non-interest Expense | 2,297 | 3,031 |
Provision for Loan & Lease Losses | 513 | 375 |
Pretax Operating Income (TE) | 179 | 3,098 |
Pretax Net Operating Income (TE) | 179 | 3,156 |
Applicable Income Taxes | 68 | 1,220 |
Net Operating Income | 111 | 2,151 |
Net Income | 111 | 2,151 |
Cash Dividends Declared | — | 2,193 |
Retained Earnings | 111 | 1,496 |