Marine Bancorp of Florida, Inc. (MBOF)

Marine Bancorp of Florida Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	25.32	23.17	16.95	15.88	13.24
Interest Income on Investments	4.81	4.84	3.94	1.16	0.6
Total Interest Income	30.12	28.01	20.89	17.04	13.84
Interest Paid on Deposits	12.02	7.81	0.82	0.41	1.33
Interest Paid on Borrowings	2.11	1.98	0.62	0.26	0.21
Total Interest Expense	14.14	9.79	1.43	0.67	1.53
Net Interest Income	15.99	18.22	19.46	16.37	12.31
Net Interest Income Growth (YoY)	-12.26%	-6.34%	18.84%	33.03%	21.14%
Other Non-Interest Income	2	1.95	2.23	2.79	1.96
Total Non-Interest Income	2	1.95	2.23	2.79	1.96
Non-Interest Income Growth (YoY)	2.82%	-12.64%	-19.92%	42.29%	69.82%
Revenues Before Loan Losses	17.99	20.17	21.69	19.16	14.27
Provision for Loan Losses	0.38	0.65	1.35	0.78	0.98
Revenue	17.62	19.52	20.34	18.38	13.29
Revenue Growth (YoY)	-9.75%	-4.01%	10.66%	38.34%	20.16%
Other Non-Interest Expense	13.83	13.5	13.66	12.24	9.37
Total Non-Interest Expense	13.83	13.5	13.66	12.24	9.37
EBT Excluding Unusual Items	3.79	6.02	6.68	6.14	3.91
Pretax Income	3.79	6.02	6.68	6.14	3.91
Income Tax Expense	0.95	1.41	1.29	1.32	0.95
Net Income	2.83	4.61	5.38	4.83	2.97
Net Income to Common	2.83	4.61	5.38	4.83	2.97
Net Income Growth	-38.62%	-14.25%	11.48%	62.69%	83.83%
Effective Tax Rate	25.20%	23.34%	19.39%	21.42%	24.18%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.