United Heritage Bank
Orlando, FL — Domestic Branch of a Domestic Bank
Acquired Jun 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | United Heritage Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 9,449 | 4,080 |
Income from Lease Financing Receivables | — | 232 |
— | 52 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 25 |
Income on Loans and Leases (TE) | 9,449 | 4,085 |
Investment Interest Income (TE) | 2,569 | 776 |
Total Interest Income (TE) | 13,003 | 4,747 |
Total Interest Expense | 6,547 | 2,173 |
Net Interest Income (TE) | 6,456 | 2,571 |
Non-Interest Income | 382 | 458 |
Adjusted Operating Income (TE) | 6,838 | 2,967 |
Non-interest Expense | 3,641 | 1,978 |
Provision for Loan & Lease Losses | — | 247 |
Pretax Operating Income (TE) | 3,212 | 2,161 |
Pretax Net Operating Income (TE) | 3,212 | 2,143 |
Applicable Income Taxes | 963 | 877 |
Net Operating Income | 1,939 | 1,461 |
Net Income | 1,939 | 1,461 |
Cash Dividends Declared | — | 1,813 |
Retained Earnings | 1,939 | 983 |