Southern Pacific Bank
Torrance, CA — Non-member Bank
Acquired Feb 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Southern Pacific Bank | All Insured Commercial Banks in California |
Interest and Fees on Loans | 76,757 | 22,828 |
Income from Lease Financing Receivables | 1,634 | 12,231 |
— | 1,172 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 612 |
Income on Loans and Leases (TE) | 78,391 | 21,936 |
Investment Interest Income (TE) | 1,107 | 5,782 |
Total Interest Income (TE) | 82,005 | 22,739 |
Total Interest Expense | 39,850 | 6,325 |
Net Interest Income (TE) | 42,155 | 17,045 |
Non-Interest Income | 7,765 | 4,975 |
Adjusted Operating Income (TE) | 49,920 | 22,308 |
Non-interest Expense | 43,671 | 12,743 |
Provision for Loan & Lease Losses | 65,602 | 6,675 |
Pretax Operating Income (TE) | — | 40,689 |
Pretax Net Operating Income (TE) | — | 40,868 |
Applicable Income Taxes | — | 14,591 |
Net Operating Income | — | 25,626 |
Net Income | — | 25,486 |
Cash Dividends Declared | — | 21,153 |
Retained Earnings | — | 15,362 |