Southern Community Bank
Fayetteville, GA — Non-member Bank
Acquired Jun 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Southern Community Bank | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 2,460 | 2,556 |
Income from Lease Financing Receivables | — | — |
— | 505 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 12 |
Income on Loans and Leases (TE) | 2,460 | 2,560 |
Investment Interest Income (TE) | 814 | 391 |
Total Interest Income (TE) | 3,280 | 2,870 |
Total Interest Expense | 3,015 | 1,369 |
Net Interest Income (TE) | 265 | 1,621 |
Non-Interest Income | 45 | 4,532 |
Adjusted Operating Income (TE) | 310 | 2,047 |
Non-interest Expense | 2,681 | 1,588 |
Provision for Loan & Lease Losses | 2,040 | 5,711 |
Pretax Operating Income (TE) | — | 452 |
Pretax Net Operating Income (TE) | — | 496 |
Applicable Income Taxes | — | 293 |
Net Operating Income | — | 363 |
Net Income | — | 362 |
Cash Dividends Declared | — | 351 |
Retained Earnings | — | 312 |