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And Fee Income Loans
And Leases
$52,083,000
Income Securities
$5,582,000
Federal reserve bank
excess reserves
$583,000
And Fee Income Loans
And Leases
$516,000
Dividend income
$245,000
Interest on bank deposits
$110,000
Income Securities
$66,000
Total interest income
$59,185,000
Gain on the
transaction
$65,000,000
Debit card
interchange fees
$2,148,000
Service charges,
commissions and fees
$2,128,000
Insurance commissions
$954,000
Bank owned life
insurance income
$436,000
Other
$228,000
Gains on sales of
securities, net
$80,000
Net interest income
$35,934,000
Recovery for credit
losses
-$33,917,000
Recovery for unfunded
commitments
-$218,000
Total interest
expense
$23,251,000
Total noninterest
income
$70,974,000
Net interest income
after recovery for...
$70,069,000
Interest expense on
deposits
$21,555,000
Interest on other
borrowings
$1,696,000
Income before income
taxes
$110,031,000
Total noninterest
expense
$31,012,000
Net income
$85,757,000
Income tax provision
$24,274,000
Salaries and employee
benefits
$14,915,000
Occupancy expense, net
$4,861,000
Other
$3,183,000
Data processing
$1,853,000
Professional and legal fees
$1,546,000
Fdic insurance
expense
$1,510,000
Debit card expense
$1,001,000
Advertising expense
$926,000
Other taxes
$925,000
Telephone expense
$292,000
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Income Statement
source: myfinsight.com
Carter Bankshares, Inc. (CARE)
Carter Bankshares, Inc. (CARE)