First Virginia Bank - Blue Ridge
Staunton, VA — Domestic Branch of a Domestic Bank
Acquired Oct 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Virginia Bank - Blue Ridge | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 5,998 | 9,281 |
Income from Lease Financing Receivables | — | 514 |
57 | 220 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 27 | 109 |
Income on Loans and Leases (TE) | 6,025 | 9,305 |
Investment Interest Income (TE) | 279 | 2,025 |
Total Interest Income (TE) | 6,638 | 11,596 |
Total Interest Expense | 959 | 3,467 |
Net Interest Income (TE) | 5,679 | 8,078 |
Non-Interest Income | 1,500 | 2,350 |
Adjusted Operating Income (TE) | 7,179 | 10,645 |
Non-interest Expense | 5,622 | 6,551 |
Provision for Loan & Lease Losses | — | 648 |
Pretax Operating Income (TE) | 1,704 | 6,938 |
Pretax Net Operating Income (TE) | 1,704 | 7,823 |
Applicable Income Taxes | 574 | 2,550 |
Net Operating Income | 1,103 | 5,088 |
Net Income | 1,103 | 5,088 |
Cash Dividends Declared | — | 4,769 |
Retained Earnings | 1,103 | 3,130 |