Community First Bank
Lynchburg, VA — Domestic Branch of a Domestic Bank
Acquired Apr 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Community First Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 2,515 | 4,090 |
Income from Lease Financing Receivables | — | — |
— | 85 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 45 |
Income on Loans and Leases (TE) | 2,515 | 4,103 |
Investment Interest Income (TE) | 54 | 619 |
Total Interest Income (TE) | 2,600 | 4,858 |
Total Interest Expense | 1,064 | 1,789 |
Net Interest Income (TE) | 1,536 | 3,065 |
Non-Interest Income | 96 | 741 |
Adjusted Operating Income (TE) | 1,632 | 3,810 |
Non-interest Expense | 4,229 | 2,386 |
Provision for Loan & Lease Losses | 521 | 426 |
Pretax Operating Income (TE) | — | 7,233 |
Pretax Net Operating Income (TE) | — | 7,209 |
Applicable Income Taxes | — | 2,732 |
Net Operating Income | — | 4,558 |
Net Income | — | 4,558 |
Cash Dividends Declared | — | 2,336 |
Retained Earnings | — | 3,947 |