Worth National Bank
Plano, TX — Domestic Branch of a Domestic Bank
Acquired Feb 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Worth National Bank | All Insured Commercial Banks in Texas |
Interest and Fees on Loans | 13,265 | 7,756 |
Income from Lease Financing Receivables | 60 | 4,134 |
— | 239 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 117 |
Income on Loans and Leases (TE) | 13,325 | 7,814 |
Investment Interest Income (TE) | 581 | 2,363 |
Total Interest Income (TE) | 16,112 | 10,381 |
Total Interest Expense | 6,574 | 4,045 |
Net Interest Income (TE) | 9,538 | 6,364 |
Non-Interest Income | 2,627 | 1,604 |
Adjusted Operating Income (TE) | 12,165 | 8,004 |
Non-interest Expense | 9,580 | 5,158 |
Provision for Loan & Lease Losses | — | 1,230 |
Pretax Operating Income (TE) | 2,585 | 8,305 |
Pretax Net Operating Income (TE) | 2,585 | 8,264 |
Applicable Income Taxes | 606 | 3,911 |
Net Operating Income | 1,868 | 5,979 |
Net Income | 1,868 | 5,986 |
Cash Dividends Declared | — | 4,278 |
Retained Earnings | 1,868 | 2,744 |