Net Income Analysis ( % relative to Total Revenue )
Income Statement Vantagesouth Bank All Insured Commercial Banks in North Carolina
Interest and Fees on Loans 7,526 17,112
Income from Lease Financing Receivables — 25
— 51
Estimated Tax Benefit from Tax-Exempt Loan Income — 21
Income on Loans and Leases (TE) 7,526 17,161
Investment Interest Income (TE) 402 2,497
Total Interest Income (TE) 7,946 19,799
Total Interest Expense 999 3,606
Net Interest Income (TE) 6,947 16,193
Non-Interest Income 1,991 3,591
Adjusted Operating Income (TE) 8,938 19,614
Non-interest Expense 6,891 15,167
Provision for Loan & Lease Losses 387 3,442
Pretax Operating Income (TE) 1,660 2,285
Pretax Net Operating Income (TE) 1,660 2,913
Applicable Income Taxes -73 647
Net Operating Income 1,733 2,241
Net Income 1,733 2,241
Cash Dividends Declared — 482
Retained Earnings 1,733 674