| FLORIDA DIVISION OF BANKING |
| INTERNATIONAL AGENCIES OPERATING IN FLORIDA |
| INCOME STATEMENT |
| (ALL AMOUNTS ARE IN THOUSANDS) |
| December 31, 1999 |
| OPERATING INCOME | AMOUNT | PERCENT OF TOTAL OPERATING INCOME |
| Interest Income and Fees on Loans | 1,023,337 | 60.80% |
| Interest Income on Balances With Depository Institutions | 414,110 | 24.60% |
| Interest Income on Federal Funds Sold and Securities Purchased Under Agreement to Resell | 67,699 | 4.02% |
| Interest Income On Securities | 43,349 | 2.58% |
| Service Charge Income | 107,232 | 6.37% |
| Other Operating Income | 24,427 | 1.45% |
| Trading Gains/Losses and Fee from Foreign Exchange Operations | 712 | 0.04% |
| Gains/Losses and fees from Other Trading Operations | 2,199 | 0.13% |
| Total Operating Income | 1,683,065 | 100.00% |
| | | |
| OPERATING EXPENSES | | |
| Interest Expense on Deposits | 810,390 | 48.15% |
| Interest Expense on Federal Funds Purchased and Securities Sold Under Agreement to Repurchase | 30,991 | 1.84% |
| Salary and Employee Benefit Expense | 154,540 | 9.18% |
| Net Occupancy Expense | 19,431 | 1.15% |
| Furniture and Equipment Expense | 17,761 | 1.06% |
| Provision for Loan Losses | 30,707 | 1.82% |
| Interest on Other Borrowed Money | 366,220 | 21.76% |
| Other Operating Expenses | 74,360 | 4.42% |
| Total Operating Expenses | 1,504,400 | 89.38% |
| | | |
| Net Operating Income | 178,665 | 10.62% |
| Income Tax on Net Operating Income | 11,325 | 0.67% |
| Income Before Securities Gains/Losses | 167,340 | 9.94% |
| Gains/Losses on Securities | 326 | 0.02% |
| Income Tax on Securities Gains/Losses | 0 | 0.00% |
| Securities Gains/Losses, Net of Tax Effect | 321 | 0.02% |
| Income Before Extraordinary Items | 167,661 | 9.96% |
| Extraordinary Items | 273 | 0.02% |
| Income Tax on Extraordinary Items | 0 | 0.00% |
| Extraordinary Items, Net of Tax Effect | 273 | 0.02% |
| Net Income | 167,934 | 9.98% |