Statewide Bank
Covington, LA — Non-member Bank
Acquired Mar 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Statewide Bank | All Insured Commercial Banks in Louisiana |
Interest and Fees on Loans | 10,852 | 9,700 |
Income from Lease Financing Receivables | — | 624 |
— | 479 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 231 |
Income on Loans and Leases (TE) | 10,852 | 9,717 |
Investment Interest Income (TE) | 3,635 | 2,173 |
Total Interest Income (TE) | 14,512 | 12,111 |
Total Interest Expense | 6,106 | 3,065 |
Net Interest Income (TE) | 8,406 | 9,008 |
Non-Interest Income | 1,731 | 1,967 |
Adjusted Operating Income (TE) | 10,137 | 11,060 |
Non-interest Expense | 10,315 | 7,644 |
Provision for Loan & Lease Losses | 6,961 | 4,411 |
Pretax Operating Income (TE) | — | 6,006 |
Pretax Net Operating Income (TE) | — | 6,134 |
Applicable Income Taxes | — | 2,830 |
Net Operating Income | — | 4,345 |
Net Income | — | 4,346 |
Cash Dividends Declared | — | 1,384 |
Retained Earnings | — | 3,195 |