Southern Heritage Bank
Flowery Branch, GA — Domestic Branch of a Domestic Bank
Acquired Aug 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Southern Heritage Bank | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 3,323 | 3,779 |
Income from Lease Financing Receivables | — | 11,881 |
— | 423 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 225 |
Income on Loans and Leases (TE) | 3,323 | 3,788 |
Investment Interest Income (TE) | 119 | 536 |
Total Interest Income (TE) | 3,468 | 4,184 |
Total Interest Expense | 1,041 | 1,122 |
Net Interest Income (TE) | 2,427 | 3,048 |
Non-Interest Income | 409 | 667 |
Adjusted Operating Income (TE) | 2,836 | 3,751 |
Non-interest Expense | 1,698 | 2,200 |
Provision for Loan & Lease Losses | 110 | 546 |
Pretax Operating Income (TE) | 1,028 | 6,371 |
Pretax Net Operating Income (TE) | 1,048 | 6,357 |
Applicable Income Taxes | 396 | 2,287 |
Net Operating Income | 652 | 4,333 |
Net Income | 652 | 4,333 |
Cash Dividends Declared | — | 3,695 |
Retained Earnings | 652 | 2,427 |