The Munford Union Bank
Memphis, TN — Domestic Branch of a Domestic Bank
Acquired Jun 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Munford Union Bank | All Insured Commercial Banks in Tennessee |
Interest and Fees on Loans | 1,450 | 1,831 |
Income from Lease Financing Receivables | — | 717 |
1 | 50 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1 | 29 |
Income on Loans and Leases (TE) | 1,451 | 1,836 |
Investment Interest Income (TE) | 557 | 375 |
Total Interest Income (TE) | 2,035 | 2,270 |
Total Interest Expense | 763 | 728 |
Net Interest Income (TE) | 1,272 | 1,542 |
Non-Interest Income | 222 | 378 |
Adjusted Operating Income (TE) | 1,494 | 1,922 |
Non-interest Expense | 821 | 1,225 |
Provision for Loan & Lease Losses | 8 | 696 |
Pretax Operating Income (TE) | 665 | 3,802 |
Pretax Net Operating Income (TE) | 665 | 3,987 |
Applicable Income Taxes | 113 | 1,061 |
Net Operating Income | 439 | 2,874 |
Net Income | 439 | 2,874 |
Cash Dividends Declared | 242 | 4,298 |
Retained Earnings | 197 | 1,209 |