Vanguard Bank & Trust Company
Valparaiso, FL — Domestic Branch of a Domestic Bank
Acquired Dec 2008
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Vanguard Bank & Trust Company | All Insured Commercial Banks in Florida |
| Interest and Fees on Loans | 25,791 | 10,094 |
| Income from Lease Financing Receivables | — | — |
| 58 | 148 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 74 |
| Income on Loans and Leases (TE) | 25,791 | 10,098 |
| Investment Interest Income (TE) | 1,366 | 1,456 |
| Total Interest Income (TE) | 27,245 | 11,588 |
| Total Interest Expense | 10,821 | 5,127 |
| Net Interest Income (TE) | 16,424 | 6,414 |
| Non-Interest Income | — | 1,616 |
| Adjusted Operating Income (TE) | 14,334 | 7,499 |
| Non-interest Expense | 11,884 | 6,000 |
| Provision for Loan & Lease Losses | 20,449 | 3,315 |
| Pretax Operating Income (TE) | — | 4,680 |
| Pretax Net Operating Income (TE) | — | 4,577 |
| Applicable Income Taxes | — | 1,992 |
| Net Operating Income | — | 3,118 |
| Net Income | — | 3,110 |
| Cash Dividends Declared | — | 2,347 |
| Retained Earnings | — | 2,460 |