Southern Exchange Bank
Tampa, FL — Domestic Branch of a Domestic Bank
Acquired Oct 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Southern Exchange Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 4,632 | 6,108 |
Income from Lease Financing Receivables | — | 1,838 |
— | 115 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 59 |
Income on Loans and Leases (TE) | 4,632 | 6,133 |
Investment Interest Income (TE) | 7,011 | 1,086 |
Total Interest Income (TE) | 11,852 | 7,375 |
Total Interest Expense | 4,123 | 2,118 |
Net Interest Income (TE) | 7,729 | 5,202 |
Non-Interest Income | 2,061 | 1,278 |
Adjusted Operating Income (TE) | 9,790 | 6,505 |
Non-interest Expense | 6,648 | 4,380 |
Provision for Loan & Lease Losses | — | 632 |
Pretax Operating Income (TE) | 3,142 | 4,252 |
Pretax Net Operating Income (TE) | 3,134 | 4,296 |
Applicable Income Taxes | 1,114 | 1,694 |
Net Operating Income | 1,997 | 2,891 |
Net Income | 1,997 | 2,880 |
Cash Dividends Declared | 4,800 | 2,343 |
Retained Earnings | — | 1,948 |