Sunrise Community Bank
Palm Desert, CA — Domestic Branch of a Domestic Bank
Acquired Mar 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sunrise Community Bank | All Insured Commercial Banks in California |
Interest and Fees on Loans | 1,879 | 23,700 |
Income from Lease Financing Receivables | — | 11,701 |
— | 3,083 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2,814 |
Income on Loans and Leases (TE) | 1,879 | 23,862 |
Investment Interest Income (TE) | — | 9,422 |
Total Interest Income (TE) | 1,903 | 24,028 |
Total Interest Expense | 199 | 6,095 |
Net Interest Income (TE) | 1,704 | 17,358 |
Non-Interest Income | — | 17,582 |
Adjusted Operating Income (TE) | 1,627 | 22,179 |
Non-interest Expense | 2,244 | 15,067 |
Provision for Loan & Lease Losses | 1,477 | 13,538 |
Pretax Operating Income (TE) | — | 21,726 |
Pretax Net Operating Income (TE) | — | 19,120 |
Applicable Income Taxes | 1,104 | 4,182 |
Net Operating Income | — | 12,636 |
Net Income | — | 12,856 |
Cash Dividends Declared | — | 7,446 |
Retained Earnings | — | 8,992 |