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care: the income statement
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Dividend income
$144,000
Interest on bank deposits
$61,000
Federal reserve bank
excess reserves
$659,000
Non-taxable
$66,000
Taxable
$6,672,000
Non-taxable
$550,000
Taxable
$51,018,000
Total interest income
$59,170,000
Other
$207,000
Bank owned life
insurance income
$357,000
Insurance commissions
$1,004,000
Debit card
interchange fees
$1,942,000
Service charges,
commissions and fees
$1,860,000
Net interest income
$33,719,000
Total interest
expense
$25,451,000
Total noninterest
income
$5,370,000
Net interest income
after provision...
$30,488,000
Provision (recovery) for
unfunded commitments
$335,000
Provision (recovery) for
credit losses
$2,896,000
Interest on other
borrowings
$1,426,000
Interest expense on
deposits
$24,025,000
Income before income
taxes
$7,154,000
Total noninterest
expense
$28,704,000
Net income
$5,419,000
Income tax provision
$1,735,000
Other
$2,623,000
Debit card expense
$959,000
Data processing
$1,367,000
Professional and legal fees
$1,852,000
Telephone expense
$312,000
Advertising expense
$669,000
Other taxes
$867,000
Fdic insurance
expense
$1,450,000
Occupancy expense, net
$4,582,000
Salaries and employee
benefits
$14,023,000
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Income Statement
source: myfinsight.com
Carter Bankshares, Inc. (CARE)
Carter Bankshares, Inc. (CARE)