The Bank/First Citizens Bank
Cleveland, TN — Domestic Branch of a Domestic Bank
Acquired Nov 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Bank/First Citizens Bank | All Insured Commercial Banks in Tennessee |
Interest and Fees on Loans | 4,410 | 7,707 |
Income from Lease Financing Receivables | — | 1,253 |
— | 64 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 30 |
Income on Loans and Leases (TE) | 4,410 | 7,722 |
Investment Interest Income (TE) | 19 | 1,236 |
Total Interest Income (TE) | 5,943 | 9,252 |
Total Interest Expense | 2,219 | 3,704 |
Net Interest Income (TE) | 3,724 | 5,521 |
Non-Interest Income | 744 | 1,267 |
Adjusted Operating Income (TE) | 4,468 | 6,857 |
Non-interest Expense | 1,905 | 4,320 |
Provision for Loan & Lease Losses | 50 | 799 |
Pretax Operating Income (TE) | 2,513 | 5,492 |
Pretax Net Operating Income (TE) | 2,616 | 5,038 |
Applicable Income Taxes | 1,019 | 1,434 |
Net Operating Income | 1,595 | 3,569 |
Net Income | 1,595 | 4,901 |
Cash Dividends Declared | — | 5,550 |
Retained Earnings | 1,595 | 1,861 |