Sun American Bank
Boca Raton, FL — State Member Bank
Acquired Mar 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sun American Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 21,877 | 11,670 |
Income from Lease Financing Receivables | 9 | — |
— | 212 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 42 |
Income on Loans and Leases (TE) | 21,886 | 11,672 |
Investment Interest Income (TE) | 3,928 | 1,954 |
Total Interest Income (TE) | 25,990 | 13,919 |
Total Interest Expense | 14,506 | 5,344 |
Net Interest Income (TE) | 11,484 | 8,324 |
Non-Interest Income | 57 | 3,564 |
Adjusted Operating Income (TE) | 11,541 | 9,705 |
Non-interest Expense | 20,567 | 9,751 |
Provision for Loan & Lease Losses | 31,895 | 7,486 |
Pretax Operating Income (TE) | — | 3,966 |
Pretax Net Operating Income (TE) | — | 3,852 |
Applicable Income Taxes | — | 2,337 |
Net Operating Income | — | 2,512 |
Net Income | — | 2,508 |
Cash Dividends Declared | — | 3,346 |
Retained Earnings | — | 1,229 |