Essex Bank
Richmond, VA — State Member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Essex Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 42,228 | 27,504 |
Income from Lease Financing Receivables | — | 0 |
57 | 210 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 29 | 103 |
Income on Loans and Leases (TE) | 42,257 | 27,695 |
Investment Interest Income (TE) | 7,644 | 3,362 |
Total Interest Income (TE) | 50,479 | 31,612 |
Total Interest Expense | 7,455 | 3,609 |
Net Interest Income (TE) | 43,024 | 27,533 |
Non-Interest Income | 4,762 | 6,168 |
Adjusted Operating Income (TE) | 47,786 | 34,154 |
Non-interest Expense | 32,635 | 22,095 |
Provision for Loan & Lease Losses | 166 | 1,171 |
Pretax Operating Income (TE) | 14,985 | 10,243 |
Pretax Net Operating Income (TE) | 15,619 | 10,425 |
Applicable Income Taxes | 4,048 | 2,728 |
Net Operating Income | 10,387 | 7,993 |
Net Income | 10,387 | 7,896 |
Cash Dividends Declared | 2,500 | 2,915 |
Retained Earnings | 7,887 | 3,997 |