Sterling Bank
Montgomery, AL — Domestic Branch of a Domestic Bank
Acquired Jun 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sterling Bank | All Insured Commercial Banks in Alabama |
Interest and Fees on Loans | 4,610 | 2,171 |
Income from Lease Financing Receivables | 19 | 3,937 |
142 | 277 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 61 | 66 |
Income on Loans and Leases (TE) | 4,690 | 2,183 |
Investment Interest Income (TE) | 619 | 529 |
Total Interest Income (TE) | 5,842 | 2,755 |
Total Interest Expense | 978 | 806 |
Net Interest Income (TE) | 4,864 | 1,922 |
Non-Interest Income | 612 | 385 |
Adjusted Operating Income (TE) | 5,476 | 2,390 |
Non-interest Expense | 2,657 | 1,522 |
Provision for Loan & Lease Losses | 2,167 | 8,707 |
Pretax Operating Income (TE) | 652 | 415 |
Pretax Net Operating Income (TE) | 652 | 454 |
Applicable Income Taxes | 249 | 362 |
Net Operating Income | 340 | 313 |
Net Income | 342 | 313 |
Cash Dividends Declared | 3,000 | 722 |
Retained Earnings | -2,658 | 160 |