LUMB (Lumbee Guaranty Bank) Tax Rate % : 6.47% (As of Sep. 2024)

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What is Lumbee Guaranty Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Lumbee Guaranty Bank's Tax Expense for the three months ended in Sep. 2024 was $0.07 Mil. Lumbee Guaranty Bank's Pre-Tax Income for the three months ended in Sep. 2024 was $1.01 Mil. Therefore, Lumbee Guaranty Bank's Tax Rate % for the quarter that ended in Sep. 2024 was 6.47%.

Lumbee Guaranty Bank Tax Rate % Historical Data

The historical data trend for Lumbee Guaranty Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lumbee Guaranty Bank Tax Rate % Chart

Lumbee Guaranty Bank Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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13.93

11.07

12.68

11.86

8.90

Lumbee Guaranty Bank Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															13.66	-6.21	10.57	9.65	6.47

Lumbee Guaranty Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Lumbee Guaranty Bank's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	0.582	/	6.539
	=	8.90 %

Lumbee Guaranty Bank's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	0.065	/	1.005
	=	6.47 %

Lumbee Guaranty Bank Tax Rate % Related Terms

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Lumbee Guaranty Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lumbee Guaranty Bank (OTCPK:LUMB) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

403 East Third Street, PO Box 908, Pembroke, NC, USA, 28372

Website

https://www.lumbeeguarantybank.com

Lumbee Guaranty Bank is a state-chartered bank. The community bank is engaged in providing full service banking through fourteen branch offices in Robeson, Cumberland, and Hoke counties in North Carolina. The Bank extends both commercial and consumer loans throughout its market area and offers a full range of deposit accounts for its customer base.

Lumbee Guaranty Bank Headlines

From GuruFocus

OTC Markets Group Welcomes Lumbee Guaranty Bank to OTCQX

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