Wakulla Bank
Crawfordville, FL — Non-member Bank
Acquired Oct 2010
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Wakulla Bank | All Insured Commercial Banks in Florida |
| Interest and Fees on Loans | 13,452 | 7,885 |
| Income from Lease Financing Receivables | — | 0 |
| 49 | 3 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 0 |
| Income on Loans and Leases (TE) | 13,452 | 7,887 |
| Investment Interest Income (TE) | 2,080 | 1,249 |
| Total Interest Income (TE) | 15,561 | 9,364 |
| Total Interest Expense | 5,594 | 2,721 |
| Net Interest Income (TE) | 9,967 | 6,566 |
| Non-Interest Income | 3,150 | 879 |
| Adjusted Operating Income (TE) | 13,117 | 7,723 |
| Non-interest Expense | 14,450 | 6,804 |
| Provision for Loan & Lease Losses | 16,409 | 3,529 |
| Pretax Operating Income (TE) | -17,742 | -2,356 |
| Pretax Net Operating Income (TE) | -17,616 | -1,941 |
| Applicable Income Taxes | -1,557 | -215 |
| Net Operating Income | -16,059 | -1,606 |
| Net Income | -16,059 | -1,607 |
| Cash Dividends Declared | — | 15 |
| Retained Earnings | -16,059 | -1,667 |