The Somerville Bank & Trust Company
Somerville, TN — Domestic Branch of a Domestic Bank
Acquired Jan 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Somerville Bank & Trust Company | All Insured Commercial Banks in Tennessee |
Interest and Fees on Loans | 5,227 | 10,056 |
Income from Lease Financing Receivables | — | 1 |
15 | 26 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 8 | 12 |
Income on Loans and Leases (TE) | 5,235 | 10,085 |
Investment Interest Income (TE) | — | 1,451 |
Total Interest Income (TE) | 5,580 | 11,765 |
Total Interest Expense | 752 | 1,599 |
Net Interest Income (TE) | 4,828 | 10,130 |
Non-Interest Income | 427 | 2,112 |
Adjusted Operating Income (TE) | 5,255 | 12,418 |
Non-interest Expense | 3,545 | 8,625 |
Provision for Loan & Lease Losses | -118 | 540 |
Pretax Operating Income (TE) | 1,828 | 3,143 |
Pretax Net Operating Income (TE) | 1,828 | 3,231 |
Applicable Income Taxes | 638 | 645 |
Net Operating Income | 1,182 | 2,407 |
Net Income | 1,182 | 2,406 |
Cash Dividends Declared | 500 | 874 |
Retained Earnings | 682 | 1,337 |