First Virginia Bank - Hampton Roads
Norfolk, VA — Domestic Branch of a Domestic Bank
Acquired Oct 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Virginia Bank - Hampton Roads | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 31,934 | 9,281 |
Income from Lease Financing Receivables | — | 514 |
6 | 220 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 3 | 109 |
Income on Loans and Leases (TE) | 31,937 | 9,305 |
Investment Interest Income (TE) | 8,639 | 2,025 |
Total Interest Income (TE) | 41,688 | 11,596 |
Total Interest Expense | 6,887 | 3,467 |
Net Interest Income (TE) | 34,801 | 8,078 |
Non-Interest Income | 12,882 | 2,350 |
Adjusted Operating Income (TE) | 47,683 | 10,645 |
Non-interest Expense | 31,971 | 6,551 |
Provision for Loan & Lease Losses | — | 648 |
Pretax Operating Income (TE) | 16,024 | 6,938 |
Pretax Net Operating Income (TE) | 16,074 | 7,823 |
Applicable Income Taxes | 5,114 | 2,550 |
Net Operating Income | 10,754 | 5,088 |
Net Income | 10,754 | 5,088 |
Cash Dividends Declared | — | 4,769 |
Retained Earnings | 10,754 | 3,130 |