Bay Community Bank
Newport News, VA — Domestic Branch of a Domestic Bank
Acquired Nov 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bay Community Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 5,708 | 15,558 |
Income from Lease Financing Receivables | — | 58,167 |
— | 1,703 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 1,013 |
Income on Loans and Leases (TE) | 5,708 | 15,621 |
Investment Interest Income (TE) | 476 | 2,381 |
Total Interest Income (TE) | 6,272 | 18,504 |
Total Interest Expense | 2,695 | 7,619 |
Net Interest Income (TE) | 3,577 | 10,696 |
Non-Interest Income | 314 | 3,095 |
Adjusted Operating Income (TE) | 3,891 | 13,549 |
Non-interest Expense | 2,734 | 9,409 |
Provision for Loan & Lease Losses | 224 | 17,837 |
Pretax Operating Income (TE) | 933 | 8,510 |
Pretax Net Operating Income (TE) | 933 | 8,686 |
Applicable Income Taxes | 281 | 2,630 |
Net Operating Income | 612 | 5,384 |
Net Income | 612 | 3,897 |
Cash Dividends Declared | — | 2,783 |
Retained Earnings | 612 | 2,498 |