The Bank Of Currituck
Moyock, NC — Domestic Branch of a Domestic Bank
Acquired Dec 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Bank Of Currituck | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 5,283 | 26,073 |
Income from Lease Financing Receivables | — | 117 |
— | 80 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 13 |
Income on Loans and Leases (TE) | 5,283 | 26,328 |
Investment Interest Income (TE) | 556 | 3,413 |
Total Interest Income (TE) | 5,912 | 29,905 |
Total Interest Expense | 1,922 | 7,691 |
Net Interest Income (TE) | 3,990 | 22,218 |
Non-Interest Income | 517 | 5,575 |
Adjusted Operating Income (TE) | 4,507 | 28,227 |
Non-interest Expense | 5,016 | 19,937 |
Provision for Loan & Lease Losses | — | 9,214 |
Pretax Operating Income (TE) | -509 | -1,190 |
Pretax Net Operating Income (TE) | -509 | -1,169 |
Applicable Income Taxes | — | -62 |
Net Operating Income | -509 | -1,187 |
Net Income | -509 | -1,187 |
Cash Dividends Declared | — | 385 |
Retained Earnings | -509 | -1,629 |