United Community Bank
Murphy, NC — Domestic Branch of a Domestic Bank
Acquired Feb 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | United Community Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 66,484 | 56,456 |
Income from Lease Financing Receivables | — | 124,989 |
132 | 14,368 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 68 | 7,042 |
Income on Loans and Leases (TE) | 66,552 | 56,843 |
Investment Interest Income (TE) | 14,096 | 101,439 |
Total Interest Income (TE) | 81,054 | 68,397 |
Total Interest Expense | 35,945 | 32,919 |
Net Interest Income (TE) | 45,109 | 35,479 |
Non-Interest Income | 9,957 | 167,673 |
Adjusted Operating Income (TE) | 55,066 | 46,635 |
Non-interest Expense | 28,772 | 41,483 |
Provision for Loan & Lease Losses | 19,300 | 61,313 |
Pretax Operating Income (TE) | 6,994 | 497,234 |
Pretax Net Operating Income (TE) | 7,245 | 497,532 |
Applicable Income Taxes | 2,045 | 151,162 |
Net Operating Income | 4,967 | 340,877 |
Net Income | 4,967 | 340,877 |
Cash Dividends Declared | 13,500 | 405,515 |
Retained Earnings | — | 89,725 |