Spivey State Bank
Swainsboro, GA — Domestic Branch of a Domestic Bank
Acquired Feb 2015
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Spivey State Bank | All Insured Commercial Banks in Georgia |
| Interest and Fees on Loans | 3,601 | 7,613 |
| Income from Lease Financing Receivables | — | 0 |
| — | 23 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 10 |
| Income on Loans and Leases (TE) | 3,601 | 7,625 |
| Investment Interest Income (TE) | 303 | 1,042 |
| Total Interest Income (TE) | 3,921 | 8,908 |
| Total Interest Expense | 276 | 1,011 |
| Net Interest Income (TE) | 3,645 | 7,881 |
| Non-Interest Income | 1,083 | 1,701 |
| Adjusted Operating Income (TE) | 4,728 | 10,068 |
| Non-interest Expense | 3,360 | 7,284 |
| Provision for Loan & Lease Losses | 175 | 354 |
| Pretax Operating Income (TE) | 1,193 | 2,381 |
| Pretax Net Operating Income (TE) | 1,210 | 2,427 |
| Applicable Income Taxes | — | 484 |
| Net Operating Income | 1,209 | 1,950 |
| Net Income | 1,209 | 1,950 |
| Cash Dividends Declared | 450 | 565 |
| Retained Earnings | 759 | 1,131 |