First Vantage Bank /Tri-Cities
Bristol, VA — Domestic Branch of a Domestic Bank
Acquired Oct 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Vantage Bank /Tri-Cities | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 5,612 | 9,281 |
Income from Lease Financing Receivables | — | 514 |
74 | 220 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 38 | 109 |
Income on Loans and Leases (TE) | 5,650 | 9,305 |
Investment Interest Income (TE) | 467 | 2,025 |
Total Interest Income (TE) | 6,381 | 11,596 |
Total Interest Expense | 897 | 3,467 |
Net Interest Income (TE) | 5,484 | 8,078 |
Non-Interest Income | 1,293 | 2,350 |
Adjusted Operating Income (TE) | 6,777 | 10,645 |
Non-interest Expense | 5,694 | 6,551 |
Provision for Loan & Lease Losses | 136 | 648 |
Pretax Operating Income (TE) | 947 | 6,938 |
Pretax Net Operating Income (TE) | 954 | 7,823 |
Applicable Income Taxes | 329 | 2,550 |
Net Operating Income | 587 | 5,088 |
Net Income | 587 | 5,088 |
Cash Dividends Declared | — | 4,769 |
Retained Earnings | 587 | 3,130 |