Net Income Analysis ( % relative to Total Revenue )
Income Statement Chesapeake Bank All Insured Commercial Banks in Virginia
Interest and Fees on Loans 24,913 27,504
Income from Lease Financing Receivables — 0
— 210
Estimated Tax Benefit from Tax-Exempt Loan Income — 103
Income on Loans and Leases (TE) 24,913 27,695
Investment Interest Income (TE) 7,939 3,362
Total Interest Income (TE) 33,027 31,612
Total Interest Expense 3,327 3,609
Net Interest Income (TE) 29,700 27,533
Non-Interest Income 14,324 6,168
Adjusted Operating Income (TE) 44,024 34,154
Non-interest Expense 32,314 22,095
Provision for Loan & Lease Losses 650 1,171
Pretax Operating Income (TE) 11,060 10,243
Pretax Net Operating Income (TE) 11,172 10,425
Applicable Income Taxes 1,505 2,728
Net Operating Income 7,609 7,993
Net Income 7,609 7,896
Cash Dividends Declared 1,700 2,915
Retained Earnings 5,909 3,997