The First State Bank
Stockbridge, GA — Non-member Bank
Acquired Jan 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The First State Bank | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 14,787 | 7,639 |
Income from Lease Financing Receivables | — | 0 |
— | 24 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 7 |
Income on Loans and Leases (TE) | 14,787 | 7,649 |
Investment Interest Income (TE) | 2,467 | 1,050 |
Total Interest Income (TE) | 17,340 | 8,770 |
Total Interest Expense | 7,803 | 2,246 |
Net Interest Income (TE) | 9,537 | 6,509 |
Non-Interest Income | 929 | 1,130 |
Adjusted Operating Income (TE) | 10,466 | 7,806 |
Non-interest Expense | 13,650 | 6,384 |
Provision for Loan & Lease Losses | 9,955 | 2,132 |
Pretax Operating Income (TE) | -13,139 | -452 |
Pretax Net Operating Income (TE) | -11,665 | -182 |
Applicable Income Taxes | — | 218 |
Net Operating Income | -11,665 | -374 |
Net Income | -11,665 | -385 |
Cash Dividends Declared | — | 68 |
Retained Earnings | -11,665 | -526 |