The East Carolina Bank
Engelhard, NC — Domestic Branch of a Domestic Bank
Acquired Apr 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The East Carolina Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 6,492 | 5,804 |
Income from Lease Financing Receivables | — | 9 |
34 | 17 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 7 |
Income on Loans and Leases (TE) | 6,492 | 5,822 |
Investment Interest Income (TE) | 1,376 | 742 |
Total Interest Income (TE) | 7,907 | 6,617 |
Total Interest Expense | 1,304 | 916 |
Net Interest Income (TE) | 6,603 | 5,702 |
Non-Interest Income | 1,247 | 1,664 |
Adjusted Operating Income (TE) | 7,850 | 7,331 |
Non-interest Expense | 9,289 | 5,732 |
Provision for Loan & Lease Losses | 1,258 | 394 |
Pretax Operating Income (TE) | -2,697 | 1,327 |
Pretax Net Operating Income (TE) | -2,392 | 1,376 |
Applicable Income Taxes | -823 | 348 |
Net Operating Income | -1,569 | 973 |
Net Income | -1,569 | 973 |
Cash Dividends Declared | 224 | 214 |
Retained Earnings | -1,793 | 408 |