The Heritage Bank
Lucama, NC — Domestic Branch of a Domestic Bank
Acquired Jul 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Heritage Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 3,280 | 19,327 |
Income from Lease Financing Receivables | — | 187 |
29 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 17 |
Income on Loans and Leases (TE) | 3,280 | 19,531 |
Investment Interest Income (TE) | 803 | 1,821 |
Total Interest Income (TE) | 4,100 | 21,488 |
Total Interest Expense | 365 | 2,296 |
Net Interest Income (TE) | 3,735 | 19,192 |
Non-Interest Income | 832 | 5,641 |
Adjusted Operating Income (TE) | 4,567 | 24,756 |
Non-interest Expense | 5,517 | 18,940 |
Provision for Loan & Lease Losses | 263 | 1,020 |
Pretax Operating Income (TE) | -1,213 | 5,702 |
Pretax Net Operating Income (TE) | -1,213 | 5,811 |
Applicable Income Taxes | -363 | 1,843 |
Net Operating Income | -850 | 3,993 |
Net Income | -850 | 3,993 |
Cash Dividends Declared | 150 | 2,182 |
Retained Earnings | -1,000 | 1,811 |