Transatlantic Bank
Miami, FL — State Member Bank
Acquired Aug 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Transatlantic Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 8,421 | 5,346 |
Income from Lease Financing Receivables | — | 0 |
— | 2 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 0 |
Income on Loans and Leases (TE) | 8,421 | 5,347 |
Investment Interest Income (TE) | 3,221 | 861 |
Total Interest Income (TE) | 11,710 | 6,368 |
Total Interest Expense | 2,147 | 1,905 |
Net Interest Income (TE) | 9,563 | 4,372 |
Non-Interest Income | 2,010 | 573 |
Adjusted Operating Income (TE) | 11,573 | 5,064 |
Non-interest Expense | 7,928 | 4,567 |
Provision for Loan & Lease Losses | 1,250 | 2,407 |
Pretax Operating Income (TE) | 2,395 | -1,703 |
Pretax Net Operating Income (TE) | 2,112 | -1,468 |
Applicable Income Taxes | 514 | -162 |
Net Operating Income | 1,404 | -1,237 |
Net Income | 1,404 | -1,238 |
Cash Dividends Declared | — | 13 |
Retained Earnings | 1,404 | -1,282 |