Square 1 Bank
Durham, NC — Domestic Branch of a Domestic Bank
Acquired Oct 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Square 1 Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 64,685 | 40,120 |
Income from Lease Financing Receivables | — | 565 |
— | 192 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 98 |
Income on Loans and Leases (TE) | 64,685 | 40,783 |
Investment Interest Income (TE) | 36,646 | 5,348 |
Total Interest Income (TE) | 101,803 | 46,537 |
Total Interest Expense | 605 | 3,097 |
Net Interest Income (TE) | 101,198 | 43,440 |
Non-Interest Income | 20,056 | 15,313 |
Adjusted Operating Income (TE) | 121,254 | 58,694 |
Non-interest Expense | 57,335 | 42,219 |
Provision for Loan & Lease Losses | 13,769 | 874 |
Pretax Operating Income (TE) | 50,150 | 15,748 |
Pretax Net Operating Income (TE) | 51,307 | 16,184 |
Applicable Income Taxes | 11,835 | 5,350 |
Net Operating Income | 33,005 | 10,722 |
Net Income | 33,005 | 10,722 |
Cash Dividends Declared | 1,000 | 4,545 |
Retained Earnings | 32,005 | 4,309 |