Lumbee Guaranty Bank (Lumbee Guaranty Bank) Tax Rate % : 10.57% (As of Mar. 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 Mar. 2024 was $0.14 Mil. Lumbee Guaranty Bank's Pre-Tax Income for the three months ended in Mar. 2024 was $1.34 Mil. Therefore, Lumbee Guaranty Bank's Tax Rate % for the quarter that ended in Mar. 2024 was 10.57%.

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
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															14.42	12.45	13.66	-6.21	10.57

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 Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	0.142	/	1.343
	=	10.57 %

Lumbee Guaranty Bank Tax Rate % Related Terms

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Lumbee Guaranty Bank (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

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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 bank extends both commercial and consumer loans throughout its market area and offers a wide range of saving, spending, and borrowing products and services. The bank operates through approximately fourteen full-service offices in Robeson, Cumberland, and Hoke Counties.

Lumbee Guaranty Bank (Lumbee Guaranty Bank) Headlines

From GuruFocus

OTC Markets Group Welcomes Lumbee Guaranty Bank to OTCQX

By PRNewswire PRNewswire • 12-04-2019