Vantagesouth Bank
Cary, NC — Domestic Branch of a Domestic Bank
Acquired Jul 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Vantagesouth Bank | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 39,803 | 20,970 |
Income from Lease Financing Receivables | — | 218 |
— | 47 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 23 |
Income on Loans and Leases (TE) | 39,803 | 21,211 |
Investment Interest Income (TE) | 3,845 | 2,595 |
Total Interest Income (TE) | 43,853 | 23,969 |
Total Interest Expense | 3,873 | 2,031 |
Net Interest Income (TE) | 39,980 | 21,938 |
Non-Interest Income | 9,553 | 6,099 |
Adjusted Operating Income (TE) | 49,533 | 27,968 |
Non-interest Expense | 36,263 | 21,549 |
Provision for Loan & Lease Losses | 1,754 | 595 |
Pretax Operating Income (TE) | 11,516 | 6,121 |
Pretax Net Operating Income (TE) | 11,733 | 6,190 |
Applicable Income Taxes | 4,820 | 1,711 |
Net Operating Income | 6,892 | 4,197 |
Net Income | 6,892 | 4,197 |
Cash Dividends Declared | 2,000 | 980 |
Retained Earnings | 4,892 | 3,320 |