Trustatlantic Bank
Raleigh, NC — Domestic Branch of a Domestic Bank
Acquired Oct 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Trustatlantic Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 11,789 | 40,120 |
Income from Lease Financing Receivables | — | 565 |
— | 192 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 98 |
Income on Loans and Leases (TE) | 11,789 | 40,783 |
Investment Interest Income (TE) | 1,636 | 5,348 |
Total Interest Income (TE) | 13,460 | 46,537 |
Total Interest Expense | 2,210 | 3,097 |
Net Interest Income (TE) | 11,250 | 43,440 |
Non-Interest Income | 500 | 15,313 |
Adjusted Operating Income (TE) | 11,750 | 58,694 |
Non-interest Expense | 6,636 | 42,219 |
Provision for Loan & Lease Losses | — | 874 |
Pretax Operating Income (TE) | 5,114 | 15,748 |
Pretax Net Operating Income (TE) | 5,117 | 16,184 |
Applicable Income Taxes | 1,817 | 5,350 |
Net Operating Income | 3,218 | 10,722 |
Net Income | 3,218 | 10,722 |
Cash Dividends Declared | 1,300 | 4,545 |
Retained Earnings | 1,918 | 4,309 |