A system and method of processing an image may include capturing an image of a scene. Image data having M-bits per pixel of the image may be generated. Multiple sets of simulated image data of the scene may be generated by applying different simulated exposure times to the generated image data. A processed image may be derived from the sets of simulated image data. The image data having M-bits per pixel may be an HDR image, and the processed image may be an LDR image.