State Bank
La Grange, TX — Domestic Branch of a Domestic Bank
Acquired Feb 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | State Bank | All Insured Commercial Banks in Texas |
Interest and Fees on Loans | 68,000 | 6,841 |
Income from Lease Financing Receivables | 115 | 1,547 |
350 | 165 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 157 | 76 |
Income on Loans and Leases (TE) | 68,272 | 6,886 |
Investment Interest Income (TE) | 8,389 | 1,905 |
Total Interest Income (TE) | 77,285 | 9,241 |
Total Interest Expense | 29,822 | 3,230 |
Net Interest Income (TE) | 47,463 | 6,023 |
Non-Interest Income | 9,394 | 1,472 |
Adjusted Operating Income (TE) | 56,857 | 7,576 |
Non-interest Expense | 46,371 | 4,784 |
Provision for Loan & Lease Losses | 1,847 | 571 |
Pretax Operating Income (TE) | 8,639 | 5,543 |
Pretax Net Operating Income (TE) | 8,639 | 5,534 |
Applicable Income Taxes | 2,262 | 2,183 |
Net Operating Income | 5,749 | 4,113 |
Net Income | 5,749 | 4,075 |
Cash Dividends Declared | 20,000 | 3,007 |
Retained Earnings | — | 2,059 |