Harbor Bank
Newport News, VA — Domestic Branch of a Domestic Bank
Acquired Mar 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Harbor Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 12,617 | 11,662 |
Income from Lease Financing Receivables | — | 507 |
— | 366 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 183 |
Income on Loans and Leases (TE) | 12,617 | 11,695 |
Investment Interest Income (TE) | 2,133 | 2,602 |
Total Interest Income (TE) | 14,889 | 14,569 |
Total Interest Expense | 5,429 | 4,493 |
Net Interest Income (TE) | 9,460 | 10,002 |
Non-Interest Income | 1,794 | 3,025 |
Adjusted Operating Income (TE) | 11,254 | 13,017 |
Non-interest Expense | 8,577 | 7,890 |
Provision for Loan & Lease Losses | 1,062 | 657 |
Pretax Operating Income (TE) | 1,615 | 9,653 |
Pretax Net Operating Income (TE) | 1,722 | 10,629 |
Applicable Income Taxes | 341 | 3,387 |
Net Operating Income | 1,201 | 6,971 |
Net Income | 1,201 | 6,971 |
Cash Dividends Declared | — | 5,974 |
Retained Earnings | 1,201 | 4,026 |