Home > Gulf Atlantic Bank > Income and Expense

Gulf Atlantic Bank, Income and Expense

2025-03-31 (YTD Data)Rank
Total interest income$2,946,0002,825
Total interest expense$1,095,0002,621
Net interest income$1,851,0002,907
Provision for loan and lease losses$101,0001,427
Total noninterest income$127,0003,292
Gross Fiduciary activities income$0918
Service charges on deposit accounts$19,0003,466
Trading account gains and feesNANA
Additional Noninterest Income$108,0002,968
Total noninterest expense$1,297,0003,047
Salaries and employee benefits$826,0002,874
Premises and equipment expense$148,0002,766
Additional noninterest expense$108,0002,968
Pre-tax net operating income$580,0002,832
Securities gains (losses)$0665
Applicable income taxes$143,0001,821
Income before extraordinary items$437,0002,952
Extraordinary gains, net$047
Net income$437,0002,981
Minority interest net income$065
Net income of bank and minority interests.$437,0002,952
Net charge-offs$33,0001,199
Cash dividends$02,364
Sale, conversion, retirement of capital stock, net$1,743,000105
Net operating income$437,0002,973
2024-12-31 (YTD Data)Rank
Total interest income$9,797,0003,031
Total interest expense$4,374,0002,645
Net interest income$5,423,0003,231
Provision for loan and lease losses$368,0001,600
Total noninterest income$410,0003,513
Gross Fiduciary activities income$01,000
Service charges on deposit accounts$34,0003,933
Trading account gains and feesNANA
Additional Noninterest Income$376,0003,189
Total noninterest expense$4,672,0003,166
Salaries and employee benefits$2,904,0002,998
Premises and equipment expense$587,0002,749
Additional noninterest expense$376,0003,189
Pre-tax net operating income$793,0003,614
Securities gains (losses)$51,000368
Applicable income taxes$196,0002,402
Income before extraordinary items$648,0003,644
Extraordinary gains, net$053
Net income$648,0003,684
Minority interest net income$090
Net income of bank and minority interests.$648,0003,644
Net charge-offs$57,0002,030
Cash dividends$03,434
Sale, conversion, retirement of capital stock, net$1,175,000226
Net operating income$607,7103,694
2024-09-30 (YTD Data)Rank
Total interest income$6,904,0003,103
Total interest expense$3,192,0002,675
Net interest income$3,712,0003,327
Provision for loan and lease losses$213,0001,693
Total noninterest income$282,0003,554
Gross Fiduciary activities income$0972
Service charges on deposit accounts$27,0003,937
Trading account gains and feesNANA
Additional Noninterest Income$255,0003,232
Total noninterest expense$3,375,0003,198
Salaries and employee benefits$2,108,0003,029
Premises and equipment expense$432,0002,773
Additional noninterest expense$255,0003,232
Pre-tax net operating income$406,0003,820
Securities gains (losses)$51,000398
Applicable income taxes$121,0002,490
Income before extraordinary items$336,0003,837
Extraordinary gains, net$051
Net income$336,0003,878
Minority interest net income$082
Net income of bank and minority interests.$336,0003,840
Net charge-offs$57,0001,665
Cash dividends$03,076
Sale, conversion, retirement of capital stock, net$775,000218
Net operating income$295,7103,882
2024-06-30 (YTD Data)Rank
Total interest income$4,423,0003,135
Total interest expense$2,043,0002,699
Net interest income$2,380,0003,376
Provision for loan and lease losses$88,0001,958
Total noninterest income$185,0003,563
Gross Fiduciary activities income$0962
Service charges on deposit accounts$19,0003,914
Trading account gains and feesNANA
Additional Noninterest Income$166,0003,232
Total noninterest expense$2,216,0003,215
Salaries and employee benefits$1,373,0003,060
Premises and equipment expense$286,0002,776
Additional noninterest expense$166,0003,232
Pre-tax net operating income$261,0003,842
Securities gains (losses)$4,000513
Applicable income taxes$66,0002,589
Income before extraordinary items$199,0003,866
Extraordinary gains, net$052
Net income$199,0003,906
Minority interest net income$084
Net income of bank and minority interests.$199,0003,868
Net charge-offs$21,0001,761
Cash dividends$02,949
Sale, conversion, retirement of capital stock, net$775,000175
Net operating income$195,8403,892
2024-03-31 (YTD Data)Rank
Total interest income$2,134,0003,167
Total interest expense$1,004,0002,688
Net interest income$1,130,0003,445
Provision for loan and lease losses$54,0001,622
Total noninterest income$73,0003,721
Gross Fiduciary activities income$0895
Service charges on deposit accounts$8,0003,995
Trading account gains and feesNANA
Additional Noninterest Income$65,0003,389
Total noninterest expense$1,049,0003,287
Salaries and employee benefits$641,0003,150
Premises and equipment expense$139,0002,807
Additional noninterest expense$65,0003,389
Pre-tax net operating income$100,0003,912
Securities gains (losses)$4,000464
Applicable income taxes$26,0002,626
Income before extraordinary items$78,0003,948
Extraordinary gains, net$051
Net income$78,0003,985
Minority interest net income$072
Net income of bank and minority interests.$78,0003,948
Net charge-offs$21,0001,267
Cash dividends$02,345
Sale, conversion, retirement of capital stock, net$308,000130
Net operating income$74,8403,965
2023-12-31 (YTD Data)Rank
Total interest income$7,040,0003,292
Total interest expense$3,001,0002,620
Net interest income$4,039,0003,595
Provision for loan and lease losses$185,0002,054
Total noninterest income$258,0003,881
Gross Fiduciary activities income$0981
Service charges on deposit accounts$32,0004,032
Trading account gains and feesNANA
Additional Noninterest Income$226,0003,604
Total noninterest expense$4,075,0003,324
Salaries and employee benefits$2,373,0003,237
Premises and equipment expense$554,0002,821
Additional noninterest expense$226,0003,604
Pre-tax net operating income$37,0004,294
Securities gains (losses)$24,000616
Applicable income taxes$-1,136,0004,550
Income before extraordinary items$1,197,0003,302
Extraordinary gains, net$054
Net income$1,197,0003,339
Minority interest net income$088
Net income of bank and minority interests.$1,197,0003,304
Net charge-offs$4,0002,632
Cash dividends$03,459
Sale, conversion, retirement of capital stock, net$691,000234
Net operating income$1,173,0003,332
2023-09-30 (YTD Data)Rank
Total interest income$5,023,0003,319
Total interest expense$1,991,0002,649
Net interest income$3,032,0003,620
Provision for loan and lease losses$115,0002,050
Total noninterest income$180,0003,924
Gross Fiduciary activities income$0950
Service charges on deposit accounts$28,0003,991
Trading account gains and feesNANA
Additional Noninterest Income$152,0003,646
Total noninterest expense$3,120,0003,280
Salaries and employee benefits$1,864,0003,170
Premises and equipment expense$404,0002,854
Additional noninterest expense$152,0003,644
Pre-tax net operating income$-23,0004,404
Securities gains (losses)$0849
Applicable income taxes$-1,153,0004,592
Income before extraordinary items$1,130,0003,155
Extraordinary gains, net$052
Net income$1,130,0003,188
Minority interest net income$081
Net income of bank and minority interests.$1,130,0003,156
Net charge-offs$02,641
Cash dividends$03,078
Sale, conversion, retirement of capital stock, net$583,000208
Net operating income$1,130,0003,184
2023-06-30 (YTD Data)Rank
Total interest income$3,191,0003,352
Total interest expense$1,109,0002,703
Net interest income$2,082,0003,608
Provision for loan and lease losses$91,0001,864
Total noninterest income$116,0003,953
Gross Fiduciary activities income$0931
Service charges on deposit accounts$17,0004,038
Trading account gains and feesNANA
Additional Noninterest Income$99,0003,682
Total noninterest expense$2,014,0003,318
Salaries and employee benefits$1,203,0003,218
Premises and equipment expense$252,0002,946
Additional noninterest expense$99,0003,666
Pre-tax net operating income$93,0004,307
Securities gains (losses)$0938
Applicable income taxes$-1,124,0004,625
Income before extraordinary items$1,217,0002,635
Extraordinary gains, net$051
Net income$1,217,0002,665
Minority interest net income$081
Net income of bank and minority interests.$1,217,0002,635
Net charge-offs$02,431
Cash dividends$02,952
Sale, conversion, retirement of capital stock, net$472,000181
Net operating income$1,217,0002,650
2023-03-31 (YTD Data)Rank
Total interest income$1,472,0003,454
Total interest expense$420,0002,809
Net interest income$1,052,0003,622
Provision for loan and lease losses$66,0001,531
Total noninterest income$47,0004,096
Gross Fiduciary activities income$0913
Service charges on deposit accounts$8,0004,103
Trading account gains and feesNANA
Additional Noninterest Income$39,0003,835
Total noninterest expense$987,0003,383
Salaries and employee benefits$576,0003,322
Premises and equipment expense$132,0002,934
Additional noninterest expense$39,0003,835
Pre-tax net operating income$46,0004,369
Securities gains (losses)$0950
Applicable income taxes$03,388
Income before extraordinary items$46,0004,338
Extraordinary gains, net$04
Net income$46,0004,338
Minority interest net income$048
Net income of bank and minority interests.$46,0004,338
Net charge-offs$02,062
Cash dividends$02,337
Sale, conversion, retirement of capital stock, net$51,000317
Net operating income$46,0004,361
2022-12-31 (YTD Data)Rank
Total interest income$3,858,0003,767
Total interest expense$603,0003,025
Net interest income$3,255,0003,827
Provision for loan and lease losses$414,0001,331
Total noninterest income$255,0004,030
Gross Fiduciary activities income$01,005
Service charges on deposit accounts$27,0004,233
Trading account gains and feesNANA
Additional Noninterest Income$228,0003,733
Total noninterest expense$3,527,0003,515
Salaries and employee benefits$2,050,0003,441
Premises and equipment expense$469,0003,081
Additional noninterest expense$228,0003,733
Pre-tax net operating income$-431,0004,626
Securities gains (losses)$27,000307
Applicable income taxes$03,596
Income before extraordinary items$-404,0004,602
Extraordinary gains, net$05
Net income$-404,0004,601
Minority interest net income$063
Net income of bank and minority interests.$-404,0004,602
Net charge-offs$02,620
Cash dividends$03,475
Sale, conversion, retirement of capital stock, net$2,233,000167
Net operating income$-431,0004,612
2022-09-30 (YTD Data)Rank
Total interest income$2,563,0003,874
Total interest expense$330,0003,178
Net interest income$2,233,0003,907
Provision for loan and lease losses$323,0001,199
Total noninterest income$208,0004,017
Gross Fiduciary activities income$0968
Service charges on deposit accounts$20,0004,275
Trading account gains and feesNANA
Additional Noninterest Income$188,0003,693
Total noninterest expense$2,566,0003,558
Salaries and employee benefits$1,489,0003,469
Premises and equipment expense$349,0003,085
Additional noninterest expense$188,0003,693
Pre-tax net operating income$-448,0004,683
Securities gains (losses)$27,000309
Applicable income taxes$03,603
Income before extraordinary items$-421,0004,652
Extraordinary gains, net$04
Net income$-421,0004,652
Minority interest net income$057
Net income of bank and minority interests.$-421,0004,652
Net charge-offs$02,349
Cash dividends$03,099
Sale, conversion, retirement of capital stock, net$2,233,000140
Net operating income$-448,0004,675
2022-06-30 (YTD Data)Rank
Total interest income$1,470,0004,022
Total interest expense$165,0003,440
Net interest income$1,305,0004,034
Provision for loan and lease losses$247,0001,046
Total noninterest income$125,0004,055
Gross Fiduciary activities income$0925
Service charges on deposit accounts$13,0004,327
Trading account gains and feesNANA
Additional Noninterest Income$112,0003,791
Total noninterest expense$1,677,0003,584
Salaries and employee benefits$977,0003,500
Premises and equipment expense$231,0003,120
Additional noninterest expense$469,0003,733
Pre-tax net operating income$-494,0004,713
Securities gains (losses)$27,000282
Applicable income taxes$03,564
Income before extraordinary items$-467,0004,681
Extraordinary gains, net$04
Net income$-467,0004,681
Minority interest net income$060
Net income of bank and minority interests.$-467,0004,681
Net charge-offs$02,156
Cash dividends$02,961
Sale, conversion, retirement of capital stock, net$1,483,000120
Net operating income$-494,0004,707
2022-03-31 (YTD Data)Rank
Total interest income$593,0004,196
Total interest expense$65,0003,680
Net interest income$528,0004,211
Provision for loan and lease losses$71,0001,187
Total noninterest income$68,0003,975
Gross Fiduciary activities income$0892
Service charges on deposit accounts$6,0004,358
Trading account gains and feesNANA
Additional Noninterest Income$62,0003,690
Total noninterest expense$830,0003,596
Salaries and employee benefits$480,0003,539
Premises and equipment expense$112,0003,168
Additional noninterest expense$238,0003,706
Pre-tax net operating income$-305,0004,739
Securities gains (losses)$27,000261
Applicable income taxes$03,450
Income before extraordinary items$-278,0004,717
Extraordinary gains, net$04
Net income$-278,0004,716
Minority interest net income$050
Net income of bank and minority interests.$-278,0004,717
Net charge-offs$01,838
Cash dividends$02,284
Sale, conversion, retirement of capital stock, net$241,000173
Net operating income$-305,0004,737
2021-12-31 (YTD Data)Rank
Total interest income$1,646,0004,479
Total interest expense$181,0004,192
Net interest income$1,465,0004,488
Provision for loan and lease losses$243,0001,580
Total noninterest income$260,0004,135
Gross Fiduciary activities income$0994
Service charges on deposit accounts$16,0004,506
Trading account gains and feesNANA
Additional Noninterest Income$244,0003,870
Total noninterest expense$3,070,0003,740
Salaries and employee benefits$1,717,0003,711
Premises and equipment expense$439,0003,195
Additional noninterest expense$914,0003,796
Pre-tax net operating income$-1,588,0004,811
Securities gains (losses)$-1,0004,253
Applicable income taxes$03,710
Income before extraordinary items$-1,589,0004,809
Extraordinary gains, net$010
Net income$-1,589,0004,809
Minority interest net income$074
Net income of bank and minority interests.$-1,589,0004,809
Net charge-offs$02,705
Cash dividends$03,608
Sale, conversion, retirement of capital stock, net$844,000249
Net operating income$-1,588,0004,807
2021-09-30 (YTD Data)Rank
Total interest income$1,131,0004,600
Total interest expense$124,0004,339
Net interest income$1,007,0004,600
Provision for loan and lease losses$196,0001,504
Total noninterest income$191,0004,182
Gross Fiduciary activities income$0957
Service charges on deposit accounts$10,0004,613
Trading account gains and feesNANA
Additional Noninterest Income$181,0003,914
Total noninterest expense$2,216,0003,809
Salaries and employee benefits$1,190,0003,837
Premises and equipment expense$332,0003,234
Additional noninterest expense$694,0003,797
Pre-tax net operating income$-1,214,0004,889
Securities gains (losses)$-1,0004,431
Applicable income taxes$03,719
Income before extraordinary items$-1,215,0004,886
Extraordinary gains, net$08
Net income$-1,215,0004,886
Minority interest net income$069
Net income of bank and minority interests.$-1,215,0004,886
Net charge-offs$02,463
Cash dividends$03,251
Sale, conversion, retirement of capital stock, net$806,000204
Net operating income$-1,214,0004,882
2021-06-30 (YTD Data)Rank
Total interest income$665,0004,700
Total interest expense$72,0004,474
Net interest income$593,0004,693
Provision for loan and lease losses$109,0001,635
Total noninterest income$91,0004,409
Gross Fiduciary activities income$0951
Service charges on deposit accounts$5,0004,683
Trading account gains and feesNANA
Additional Noninterest Income$86,0004,143
Total noninterest expense$1,446,0003,843
Salaries and employee benefits$757,0003,921
Premises and equipment expense$231,0003,169
Additional noninterest expense$458,0003,817
Pre-tax net operating income$-871,0004,922
Securities gains (losses)$-1,0004,500
Applicable income taxes$03,702
Income before extraordinary items$-872,0004,914
Extraordinary gains, net$06
Net income$-872,0004,914
Minority interest net income$067
Net income of bank and minority interests.$-872,0004,914
Net charge-offs$02,245
Cash dividends$03,104
Sale, conversion, retirement of capital stock, net$757,000153
Net operating income$-871,0004,913
2021-03-31 (YTD Data)Rank
Total interest income$326,0004,724
Total interest expense$30,0004,624
Net interest income$296,0004,705
Provision for loan and lease losses$37,0001,916
Total noninterest income$42,0004,432
Gross Fiduciary activities income$0922
Service charges on deposit accounts$8,0004,314
Trading account gains and feesNANA
Additional Noninterest Income$34,0004,254
Total noninterest expense$745,0003,811
Salaries and employee benefits$376,0003,939
Premises and equipment expense$133,0002,965
Additional noninterest expense$236,0003,763
Pre-tax net operating income$-444,0004,951
Securities gains (losses)$1,0001,331
Applicable income taxes$03,613
Income before extraordinary items$-443,0004,942
Extraordinary gains, net$03
Net income$-443,0004,942
Minority interest net income$055
Net income of bank and minority interests.$-443,0004,942
Net charge-offs$01,930
Cash dividends$02,452
Sale, conversion, retirement of capital stock, net$130,000224
Net operating income$-444,0004,944
2020-12-31 (YTD Data)Rank
Total interest income$317,0004,974
Total interest expense$35,0004,942
Net interest income$282,0004,974
Provision for loan and lease losses$182,0003,120
Total noninterest income$62,0004,789
Gross Fiduciary activities income$01,030
Service charges on deposit accounts$7,0004,802
Trading account gains and feesNANA
Additional Noninterest Income$55,0004,600
Total noninterest expense$1,956,0004,290
Salaries and employee benefits$1,159,0004,237
Premises and equipment expense$264,0003,974
Additional noninterest expense$533,0004,403
Pre-tax net operating income$-1,794,0004,937
Securities gains (losses)$02,675
Applicable income taxes$03,697
Income before extraordinary items$-1,794,0004,939
Extraordinary gains, net$04
Net income$-1,794,0004,939
Minority interest net income$072
Net income of bank and minority interests.$-1,794,0004,939
Net charge-offs$03,443
Cash dividends$03,782
Sale, conversion, retirement of capital stock, net$11,406,00053
Net operating income$-1,794,0004,935
2020-09-30 (YTD Data)Rank
Total interest income$139,0005,021
Total interest expense$12,0004,995
Net interest income$127,0005,019
Provision for loan and lease losses$111,0003,217
Total noninterest income$24,0004,905
Gross Fiduciary activities income$0981
Service charges on deposit accounts$3,0004,864
Trading account gains and feesNANA
Additional Noninterest Income$21,0004,763
Total noninterest expense$1,220,0004,483
Salaries and employee benefits$745,0004,396
Premises and equipment expense$176,0004,109
Additional noninterest expense$299,0004,650
Pre-tax net operating income$-1,180,0004,946
Securities gains (losses)$02,494
Applicable income taxes$03,696
Income before extraordinary items$-1,180,0004,948
Extraordinary gains, net$04
Net income$-1,180,0004,948
Minority interest net income$065
Net income of bank and minority interests.$-1,180,0004,948
Net charge-offs$03,243
Cash dividends$03,384
Sale, conversion, retirement of capital stock, net$11,406,00039
Net operating income$-1,180,0004,948
2020-06-30 (YTD Data)Rank
Total interest income$20,0005,061
Total interest expense$1,0005,054
Net interest income$19,0005,059
Provision for loan and lease losses$36,0003,612
Total noninterest income$05,011
Gross Fiduciary activities income$0970
Service charges on deposit accounts$04,931
Trading account gains and feesNANA
Additional Noninterest Income$04,965
Total noninterest expense$553,0004,781
Salaries and employee benefits$346,0004,706
Premises and equipment expense$70,0004,556
Additional noninterest expense$137,0004,851
Pre-tax net operating income$-570,0004,941
Securities gains (losses)$02,249
Applicable income taxes$03,655
Income before extraordinary items$-570,0004,936
Extraordinary gains, net$04
Net income$-570,0004,937
Minority interest net income$065
Net income of bank and minority interests.$-570,0004,936
Net charge-offs$03,033
Cash dividends$03,237
Sale, conversion, retirement of capital stock, net$11,406,00031
Net operating income$-570,0004,939

* The data above is accumulated from the beginning of the year to the date posted. The data for Dec. 31 is the number for the entire year.