Farmers & Merchants Bank - Eastern Shore
Onley, VA — Domestic Branch of a Domestic Bank
Acquired Aug 2004
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Farmers & Merchants Bank - Eastern Shore | All Insured Commercial Banks in Virginia |
| Interest and Fees on Loans | 6,311 | 5,804 |
| Income from Lease Financing Receivables | — | — |
| 27 | 207 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 12 | 68 |
| Income on Loans and Leases (TE) | 6,323 | 5,824 |
| Investment Interest Income (TE) | 900 | 1,266 |
| Total Interest Income (TE) | 7,242 | 7,230 |
| Total Interest Expense | 1,303 | 2,021 |
| Net Interest Income (TE) | 5,939 | 5,168 |
| Non-Interest Income | 674 | 1,467 |
| Adjusted Operating Income (TE) | 6,613 | 6,614 |
| Non-interest Expense | 3,333 | 4,090 |
| Provision for Loan & Lease Losses | — | 474 |
| Pretax Operating Income (TE) | 3,280 | 6,330 |
| Pretax Net Operating Income (TE) | 3,280 | 6,411 |
| Applicable Income Taxes | 1,067 | 2,138 |
| Net Operating Income | 2,195 | 4,150 |
| Net Income | 2,195 | 4,118 |
| Cash Dividends Declared | 1,901 | 3,260 |
| Retained Earnings | 294 | 2,517 |