Southern National Bank
Marietta, GA — Domestic Branch of a Domestic Bank
Acquired Dec 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Southern National Bank | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 15,047 | 9,053 |
Income from Lease Financing Receivables | — | 49,031 |
— | 952 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 496 |
Income on Loans and Leases (TE) | 15,047 | 9,068 |
Investment Interest Income (TE) | 1,819 | 972 |
Total Interest Income (TE) | 17,255 | 10,027 |
Total Interest Expense | 7,260 | 4,021 |
Net Interest Income (TE) | 9,995 | 5,998 |
Non-Interest Income | 663 | 1,101 |
Adjusted Operating Income (TE) | 10,658 | 7,148 |
Non-interest Expense | 5,616 | 3,959 |
Provision for Loan & Lease Losses | 320 | 1,071 |
Pretax Operating Income (TE) | 4,722 | 14,039 |
Pretax Net Operating Income (TE) | 4,687 | 13,726 |
Applicable Income Taxes | — | 5,180 |
Net Operating Income | 4,651 | 9,334 |
Net Income | 4,651 | 9,334 |
Cash Dividends Declared | 500 | 6,156 |
Retained Earnings | 4,151 | 5,625 |