Sunshine State Community Bank
Port Orange, FL — Non-member Bank
Acquired Feb 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sunshine State Community Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 5,462 | 10,918 |
Income from Lease Financing Receivables | — | 0 |
— | 5 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 0 |
Income on Loans and Leases (TE) | 5,462 | 10,921 |
Investment Interest Income (TE) | 552 | 1,664 |
Total Interest Income (TE) | 6,055 | 12,938 |
Total Interest Expense | 1,919 | 3,581 |
Net Interest Income (TE) | 4,136 | 9,188 |
Non-Interest Income | 225 | 1,154 |
Adjusted Operating Income (TE) | 4,361 | 10,695 |
Non-interest Expense | 5,699 | 9,659 |
Provision for Loan & Lease Losses | 5,122 | 5,171 |
Pretax Operating Income (TE) | -6,460 | -3,713 |
Pretax Net Operating Income (TE) | -6,088 | -3,196 |
Applicable Income Taxes | — | -8 |
Net Operating Income | -6,088 | -3,112 |
Net Income | -6,088 | -3,114 |
Cash Dividends Declared | — | 26 |
Retained Earnings | -6,088 | -3,214 |