The Palmetto Bank
Greenville, SC — Domestic Branch of a Domestic Bank
Acquired Sep 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Palmetto Bank | All Insured Commercial Banks in South Carolina |
Interest and Fees on Loans | 18,295 | 6,161 |
Income from Lease Financing Receivables | — | 0 |
8 | 10 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 4 | 5 |
Income on Loans and Leases (TE) | 18,299 | 6,179 |
Investment Interest Income (TE) | 1,751 | 884 |
Total Interest Income (TE) | 20,288 | 7,173 |
Total Interest Expense | 274 | 728 |
Net Interest Income (TE) | 20,014 | 6,417 |
Non-Interest Income | 7,463 | 1,718 |
Adjusted Operating Income (TE) | 27,477 | 8,123 |
Non-interest Expense | 18,638 | 6,138 |
Provision for Loan & Lease Losses | -550 | 119 |
Pretax Operating Income (TE) | 9,389 | 1,968 |
Pretax Net Operating Income (TE) | 9,442 | 2,068 |
Applicable Income Taxes | 3,187 | 514 |
Net Operating Income | 6,204 | 1,661 |
Net Income | 6,204 | 1,661 |
Cash Dividends Declared | 3,400 | 413 |
Retained Earnings | 2,804 | 1,059 |