Summit Bank
Arkadelphia, AR — Domestic Branch of a Domestic Bank
Acquired May 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Summit Bank | All Insured Commercial Banks in Arkansas |
Interest and Fees on Loans | 9,085 | 2,301 |
Income from Lease Financing Receivables | 65 | 0 |
65 | 8 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 34 | 4 |
Income on Loans and Leases (TE) | 9,184 | 2,306 |
Investment Interest Income (TE) | 2,391 | 460 |
Total Interest Income (TE) | 11,751 | 2,779 |
Total Interest Expense | 1,643 | 324 |
Net Interest Income (TE) | 10,108 | 2,456 |
Non-Interest Income | 1,476 | 647 |
Adjusted Operating Income (TE) | 11,584 | 3,199 |
Non-interest Expense | 6,786 | 2,153 |
Provision for Loan & Lease Losses | — | 75 |
Pretax Operating Income (TE) | 4,798 | 975 |
Pretax Net Operating Income (TE) | 4,798 | 981 |
Applicable Income Taxes | 717 | 151 |
Net Operating Income | 3,391 | 721 |
Net Income | 3,391 | 721 |
Cash Dividends Declared | — | 216 |
Retained Earnings | 3,391 | 440 |