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Income Statement
Carter Bankshares, Inc. (CARE)
source: myfinsight.com
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Taxable
$49,522,000
Non-taxable
$579,000
Federal reserve bank
excess reserves
$578,000
Dividend income
$140,000
Interest on bank deposits
$65,000
Taxable
$6,796,000
Non-taxable
$67,000
Total interest income
$57,747,000
(recovery) provision for
credit losses
-$2,330,000
Net interest income
$32,359,000
Recovery for unfunded
commitments
-$335,000
Debit card
interchange fees
$1,942,000
Insurance commissions
$714,000
Service charges,
commissions and fees
$1,765,000
Bank owned life
insurance income
$357,000
Other
$130,000
Total interest
expense
$25,388,000
Net interest income
after (recovery)...
$35,024,000
Total noninterest
income
$4,908,000
Interest expense on
deposits
$24,059,000
Interest on other
borrowings
$1,329,000
Income before income
taxes
$10,628,000
Total noninterest
expense
$29,304,000
Net income
$8,510,000
Income tax provision
$2,118,000
Debit card expense
$991,000
Advertising expense
$708,000
Telephone expense
$307,000
Fdic insurance
expense
$1,436,000
Data processing
$1,395,000
Salaries and employee
benefits
$14,082,000
Occupancy expense, net
$4,230,000
Other
$3,312,000
Professional and legal fees
$1,921,000
Other taxes
$922,000
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