Sun Bancorp Inc. (SNBC) Income Statement

Income Statement for Sun Bancorp Inc.  (SNBC) 
$ 2.80   -0.04 (-1.41%) Volume: 48.22 k 4:00 PM EST Feb 10, 2012
Statement: View:
Income [+] in Thousands of Dollars
12/2010 12/2009 12/2008 12/2007 12/2006
Loans 129,391 131,811 154,154 174,427 160,876
Investment Securities 15,337 18,356 20,215 21,671 20,759
Lease Financing Income - - - - -
Other Interest Income 875 832 - - 1,143
Federal Funds Sold/Purchased 21,307 122,677 106,827 85,472 51,740
Interest Bearing Deposits - - - - -
Loans Held for Resale - - - - -
Trading Account Securities - - - - -
Time Deposits Placed - - - - -
Other Money Market Investments - - - - -
Total Money Market Investments - - 265 1,725 1,172
Total Interest Income 145,603 150,999 174,634 197,823 183,950
Deposits 28,780 44,357 65,852 84,252 66,892
Short-Term Debt - - 3,407 6,267 9,571
Long-Term Debt 5,861 6,485 5,714 8,468 8,409
Federal Funds Sold/Purchased 21,307 122,677 106,827 85,472 51,740
Capitalized Lease Obligations - - - - -
Other Interest Expense - - - - -
Total Interest Income 145,603 150,999 174,634 197,823 183,950
Total Interest Expense (34,641) (50,842) (74,973) (98,987) (84,872)
Net Interest Income 110,962 100,157 99,661 98,836 99,078
Loan Loss Provision (101,518) (46,666) (20,000) (8,403) (3,807)
Net Interest Income After Loan Loss Provision 9,444 53,491 79,661 90,433 95,271
Trust Fees by Commissions - - - - -
Service Charge on Deposit Accounts 11,572 12,440 13,918 13,687 11,117
Other Service Charges 364 331 317 307 311
Security Transactions 7,582 2,669 - - (21)
Premiums Earned - - - - -
Net Realized Capital Gains 5,634 4,863 - 1,701 797
Investment Banking Profit - - - - -
Other Non-Interest Income (8,311) 3,882 14,107 9,017 7,542
Non-Interest Income 16,841 24,185 28,342 24,712 19,746
Salaries and Employee Benefits 68,775 65,342 47,623 45,432 45,079
Net Occupancy Expense 20,092 19,246 18,104 18,663 20,062
Promotion and Advertising 2,335 2,453 2,368 1,856 1,683
Property/Liability Insurance Claims 7,696 7,804 - - -
Policy Acquisition Costs - - - - -
Amortization of Deferred Policy Acquisition Costs - - - - -
Current and Future Benefits Expense - - - - -
Other Non-Interest Expense 197,022 11,180 24,545 23,012 22,569
Income, Acquired in Process R&D - - - - -
Income, Restructuring and M&A - - 11,454 1,443 -
Other Special Charges 93,539 (5,157) (7,497) - -
Non-Interest Expense (295,920) (106,025) (92,640) (88,963) (89,393)
Special Income/Charges 93,539 (5,157) 3,957 1,443 -
Net Income Before Taxes (176,096) (33,506) 19,320 27,625 25,624
Premium Tax (Credit) - - - - -
Minority Interest - - - - -
Income Taxes (9,322) 16,375 (4,426) (8,273) (8,350)
Net Income from Continuing Operations (185,418) (17,131) 14,894 19,352 17,274
Net Income from Discontinued Operations - - - - -
Net Income from Total Operations (185,418) (17,131) 14,894 19,352 17,274
Extraordinary Income/Loss - - - - -
Income from Cum. Effect of Acct Change - - - - -
Income from Tax Loss Carryforward - - - - -
Other Gains - - - - -
Total Net Income (185,418) (17,131) 14,894 19,352 17,274
Normalized Income (278,957) (11,974) 10,937 17,909 17,274
Net Income Available for Common (185,418) (22,482) 14,894 19,352 17,274
Results [+] in Dollars (Preferred Dividends in Thousands)
12/2010 12/2009 12/2008 12/2007 12/2006
Dividends Paid Per Share 0.00 0.00 0.00 0.00 0.00
Preferred Dividends - 5,351 - - -
Basic EPS from Continuing Operations -6.56 -0.97 0.63 0.81 0.73
Basic EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Operations -6.56 -0.97 0.63 0.81 0.73
Basic EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Basic EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Basic EPS from Tax Loss Carryforward 129,391 131,811 154,154 174,427 160,876
Basic EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Basic EPS, Total -6.56 -0.97 0.63 0.81 0.73
Basic Normalized Net Income/Share -9.87 -0.68 0.46 0.75 0.73
Diluted EPS from Continuing Operations -6.56 -0.97 0.62 0.78 0.70
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Operations -6.56 -0.97 0.62 0.78 0.70
Diluted EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Tax Loss Carryforward 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Diluted EPS, Total -6.56 -0.97 0.62 0.78 0.70
Diluted Normalized Net Income/Share -9.87 -0.68 0.45 0.72 0.70
Revenues Year-to-Date 162,444 175,184 202,976 222,535 203,696
Income Year-to-Date from Total Operations (185,418) (17,131) 14,894 19,352 17,274
EPS Year-to-Date from Total Operations -6.56 -0.97 0.62 0.78 0.70
Dividends Paid Per Share, Year-to-Date 0.00 0.00 0.00 0.00 0.00
 

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