Uwharrie Bank
Albemarle, NC — State Member Bank
Acquired Apr 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Uwharrie Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 16,088 | 43,859 |
Income from Lease Financing Receivables | — | 183 |
385 | 287 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 196 | 148 |
Income on Loans and Leases (TE) | 16,284 | 44,236 |
Investment Interest Income (TE) | 2,097 | 4,769 |
Total Interest Income (TE) | 18,741 | 49,636 |
Total Interest Expense | 729 | 4,652 |
Net Interest Income (TE) | 18,012 | 44,984 |
Non-Interest Income | 8,184 | 11,387 |
Adjusted Operating Income (TE) | 26,196 | 56,298 |
Non-interest Expense | 22,094 | 38,609 |
Provision for Loan & Lease Losses | -88 | 1,359 |
Pretax Operating Income (TE) | 4,190 | 16,556 |
Pretax Net Operating Income (TE) | 4,734 | 16,646 |
Applicable Income Taxes | 1,254 | 5,112 |
Net Operating Income | 3,029 | 10,887 |
Net Income | 3,029 | 10,887 |
Cash Dividends Declared | 3,066 | 5,698 |
Retained Earnings | -37 | 5,606 |