First Virginia Bank
Falls Church, VA — Domestic Branch of a Domestic Bank
Acquired Oct 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Virginia Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 29,036 | 9,281 |
Income from Lease Financing Receivables | — | 514 |
173 | 220 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 92 | 109 |
Income on Loans and Leases (TE) | 29,128 | 9,305 |
Investment Interest Income (TE) | 4,471 | 2,025 |
Total Interest Income (TE) | 36,446 | 11,596 |
Total Interest Expense | 4,240 | 3,467 |
Net Interest Income (TE) | 32,206 | 8,078 |
Non-Interest Income | 14,458 | 2,350 |
Adjusted Operating Income (TE) | 46,664 | 10,645 |
Non-interest Expense | 32,677 | 6,551 |
Provision for Loan & Lease Losses | 3,458 | 648 |
Pretax Operating Income (TE) | 10,529 | 6,938 |
Pretax Net Operating Income (TE) | 10,248 | 7,823 |
Applicable Income Taxes | 2,923 | 2,550 |
Net Operating Income | 6,958 | 5,088 |
Net Income | 6,958 | 5,088 |
Cash Dividends Declared | — | 4,769 |
Retained Earnings | 6,958 | 3,130 |