Sterlingsouth Bank & Trust Company
Greensboro, NC — Domestic Branch of a Domestic Bank
Acquired Jul 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sterlingsouth Bank & Trust Company | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 4,509 | 23,915 |
Income from Lease Financing Receivables | 354 | 77,478 |
— | 5,685 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2,654 |
Income on Loans and Leases (TE) | 4,863 | 24,147 |
Investment Interest Income (TE) | 401 | 140,007 |
Total Interest Income (TE) | 5,379 | 28,689 |
Total Interest Expense | 2,310 | 11,848 |
Net Interest Income (TE) | 3,069 | 16,840 |
Non-Interest Income | 145 | 19,681 |
Adjusted Operating Income (TE) | 3,214 | 21,832 |
Non-interest Expense | 2,123 | 14,360 |
Provision for Loan & Lease Losses | 207 | 5,797 |
Pretax Operating Income (TE) | 884 | 279,026 |
Pretax Net Operating Income (TE) | 884 | 278,651 |
Applicable Income Taxes | 205 | 98,800 |
Net Operating Income | 668 | 181,948 |
Net Income | 668 | 181,948 |
Cash Dividends Declared | — | 201,185 |
Retained Earnings | 668 | 91,040 |