The Fidelity Bank
Fuquay Varina, NC — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | The Fidelity Bank | All Insured Commercial Banks in North Carolina |
| Interest and Fees on Loans | 44,078 | 43,859 |
| Income from Lease Financing Receivables | 1 | 183 |
| — | 287 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 148 |
| Income on Loans and Leases (TE) | 44,079 | 44,236 |
| Investment Interest Income (TE) | 5,591 | 4,769 |
| Total Interest Income (TE) | 51,497 | 49,636 |
| Total Interest Expense | 1,400 | 4,652 |
| Net Interest Income (TE) | 50,097 | 44,984 |
| Non-Interest Income | 16,226 | 11,387 |
| Adjusted Operating Income (TE) | 66,323 | 56,298 |
| Non-interest Expense | 48,654 | 38,609 |
| Provision for Loan & Lease Losses | 1,760 | 1,359 |
| Pretax Operating Income (TE) | 15,909 | 16,556 |
| Pretax Net Operating Income (TE) | 15,909 | 16,646 |
| Applicable Income Taxes | 5,578 | 5,112 |
| Net Operating Income | 10,329 | 10,887 |
| Net Income | 10,329 | 10,887 |
| Cash Dividends Declared | 3,371 | 5,698 |
| Retained Earnings | 6,958 | 5,606 |