Monarch Financial (MNRK) Income Statement

Click line-items for a historical chart and %

Interest income:
Interest and fees on loans	10.69M
Interest on investment securities	110.36K
Interest on federal funds sold	3.63K
Dividends on equity securities	45.23K
Interest on other bank accounts	156.95K
Total interest income	12.42M
Interest expense:
Interest on deposits	854.04K
Interest on trust preferred subordinated debt	55.69K
Interest on borrowings	2.39K
Total interest expense	912.12K
Net interest income	11.51M
Provision for loan losses	0
Net interest income after provision for loan losses	11.51M
Non-interest income:
Mortgage banking income	19.02M
Investment and insurance commissions
Service charges and fees	500.14K
Other	116.91K
Total noninterest income	20.33M
Non-interest expenses:
Salaries and employee benefits	10.14M
Commissions and incentives
Loan expense	1.79M
Occupancy expenses
Furniture and equipment expenses
FDIC insurance
Marketing expense	774.4K
Data processing	613.95K
Professional fees	525.26K
Stationary and supplies
Other	1.17M
Total noninterest expenses	25.37M
Income before income taxes	6.46M
Income tax provision	-2.36M
Net income	4.1M
Less: Net income attributable to noncontrolling interests	-43.31K
Net income attributable to Monarch Financial Holdings, Inc.	4.06M
Preferred stock dividend and accretion of discount
Net income available to common stockholders
Basic net income per share	0.34
Diluted net income per share	0.34

Entities mentioned with MNRK