Tidelands Bank
Mount Pleasant, SC — Domestic Branch of a Domestic Bank
Acquired Jul 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Tidelands Bank | All Insured Commercial Banks in South Carolina |
Interest and Fees on Loans | 7,972 | 6,058 |
Income from Lease Financing Receivables | — | 0 |
— | 10 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 5 |
Income on Loans and Leases (TE) | 7,972 | 6,081 |
Investment Interest Income (TE) | 623 | 951 |
Total Interest Income (TE) | 8,636 | 7,145 |
Total Interest Expense | 2,124 | 662 |
Net Interest Income (TE) | 6,512 | 6,472 |
Non-Interest Income | 611 | 1,697 |
Adjusted Operating Income (TE) | 7,123 | 8,079 |
Non-interest Expense | 9,804 | 6,015 |
Provision for Loan & Lease Losses | 215 | 248 |
Pretax Operating Income (TE) | -2,896 | 2,024 |
Pretax Net Operating Income (TE) | -2,900 | 2,088 |
Applicable Income Taxes | — | 554 |
Net Operating Income | -2,900 | 1,418 |
Net Income | -2,900 | 1,418 |
Cash Dividends Declared | — | 393 |
Retained Earnings | -2,900 | 917 |