Central Virginia Bank
Powhatan, VA — Domestic Branch of a Domestic Bank
Acquired Mar 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Central Virginia Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 2,851 | 22,778 |
Income from Lease Financing Receivables | — | 0 |
— | 63 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 30 |
Income on Loans and Leases (TE) | 2,851 | 22,841 |
Investment Interest Income (TE) | 462 | 2,997 |
Total Interest Income (TE) | 3,346 | 26,672 |
Total Interest Expense | 215 | 3,601 |
Net Interest Income (TE) | 3,131 | 22,684 |
Non-Interest Income | 668 | 5,343 |
Adjusted Operating Income (TE) | 3,799 | 28,396 |
Non-interest Expense | 2,766 | 19,361 |
Provision for Loan & Lease Losses | 30 | 964 |
Pretax Operating Income (TE) | 1,003 | 8,140 |
Pretax Net Operating Income (TE) | 1,003 | 8,111 |
Applicable Income Taxes | 352 | 2,157 |
Net Operating Income | 651 | 5,590 |
Net Income | 651 | 5,559 |
Cash Dividends Declared | — | 1,993 |
Retained Earnings | 651 | 2,616 |