Wachovia Bank, National Association
Charlotte, NC — National Bank
Acquired Mar 2010
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Wachovia Bank, National Association | All Insured Commercial Banks in North Carolina |
| Interest and Fees on Loans | 14,241,000 | 115,133 |
| Income from Lease Financing Receivables | 821,000 | 151,750 |
| 99,000 | 19,195 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 49,151 | 21,957 |
| Income on Loans and Leases (TE) | 15,111,151 | 117,318 |
| Investment Interest Income (TE) | 4,865,310 | 96,595 |
| Total Interest Income (TE) | 20,534,462 | 53,294 |
| Total Interest Expense | 3,649,000 | 17,977 |
| Net Interest Income (TE) | 16,885,462 | 35,317 |
| Non-Interest Income | 8,736,000 | 678,533 |
| Adjusted Operating Income (TE) | 25,621,462 | 48,956 |
| Non-interest Expense | 14,252,000 | 45,945 |
| Provision for Loan & Lease Losses | 5,926,000 | 55,483 |
| Pretax Operating Income (TE) | 5,443,462 | 324,492 |
| Pretax Net Operating Income (TE) | 5,826,462 | 425,061 |
| Applicable Income Taxes | 1,365,000 | 109,998 |
| Net Operating Income | 4,315,000 | 315,739 |
| Net Income | 4,247,000 | 308,298 |
| Cash Dividends Declared | 1,750,000 | 169,078 |
| Retained Earnings | 2,497,000 | 158,311 |