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 |