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 |