Wachovia Card Services, National Association
Atlanta, GA — National Bank
Acquired Apr 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Wachovia Card Services, National Association | All Insured Commercial Banks in Georgia |
Interest and Fees on Loans | 80,639 | 2,352 |
Income from Lease Financing Receivables | — | — |
— | 544 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 12 |
Income on Loans and Leases (TE) | 80,639 | 2,355 |
Investment Interest Income (TE) | — | 315 |
Total Interest Income (TE) | 81,150 | 2,603 |
Total Interest Expense | 336 | 983 |
Net Interest Income (TE) | 80,814 | 1,616 |
Non-Interest Income | 20,829 | 311 |
Adjusted Operating Income (TE) | 101,643 | 1,987 |
Non-interest Expense | 14,387 | 1,634 |
Provision for Loan & Lease Losses | 77,646 | 5,452 |
Pretax Operating Income (TE) | 9,610 | -222 |
Pretax Net Operating Income (TE) | 9,610 | -188 |
Applicable Income Taxes | 3,699 | 372 |
Net Operating Income | 5,911 | -196 |
Net Income | 5,911 | -176 |
Cash Dividends Declared | — | 382 |
Retained Earnings | 5,911 | -218 |