The Jacksonville Bank
Jacksonville, FL — Domestic Branch of a Domestic Bank
Acquired Mar 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Jacksonville Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 19,247 | 15,294 |
Income from Lease Financing Receivables | — | 0 |
— | 27 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 14 |
Income on Loans and Leases (TE) | 19,247 | 15,341 |
Investment Interest Income (TE) | 1,620 | 1,915 |
Total Interest Income (TE) | 20,971 | 17,688 |
Total Interest Expense | 2,073 | 1,758 |
Net Interest Income (TE) | 18,898 | 15,835 |
Non-Interest Income | 1,153 | 2,992 |
Adjusted Operating Income (TE) | 20,051 | 19,702 |
Non-interest Expense | 14,190 | 14,559 |
Provision for Loan & Lease Losses | -1,816 | 302 |
Pretax Operating Income (TE) | 7,677 | 4,860 |
Pretax Net Operating Income (TE) | 7,677 | 4,995 |
Applicable Income Taxes | 9 | 1,300 |
Net Operating Income | 7,480 | 3,455 |
Net Income | 7,480 | 3,455 |
Cash Dividends Declared | — | 587 |
Retained Earnings | 7,480 | 2,412 |