PANAMERICAN BANCORP AND SUBSIDIARIES Consolidated ProForma Statement of Income. Revision #001 - 11:15 am EST - 7/15/99
Year: 1999 2000 2001
(Start-Up Year)
Revenues
Fees:
Insider Trading $692,000 1,798,500 3,210,500
Healthcorp 165,000 1,297,000 2,303,000 <<
Affordable Housing 150,000 600,000 950,000
Equity of Earnings
of Joint Ventures 16,250 100,000 140,000
Other Income 1,200 5,200 25,000
Total Revenues
(Projected) $1,024,450 3,800,700 6,528,500
Expenses
Insider Trading 880,000 1,065,000 1,179,000
Healthcorp 658,000 936,000 1,020,000
Affordable Housing 72,000 108,000 144,000
Other Operating Expense:
Internet Group 612,000 450,000 450,000
Corporate 456,000 581,000 681,000
Total Expenses
(Projected) $2,678,000 3,140,000 3,474,000
Profit/(Loss) $(1,653,550) 660,700 3,054,500
Please note: Due to a typographical error, Healthcorp fees in 2001 were misreported on the inital posting of PanAmerican BanCorp and Subsidiaries Consolidated ProForma Statement of Income on this web site. The correct number is $2,203,000 and not $950,000. We apologize for the error and regret any confusion this may have caused.
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