Net Income Analysis ( % relative to Total Revenue )
Income Statement Highlands Community Bank All Insured Commercial Banks in Virginia
Interest and Fees on Loans 4,587 27,504
Income from Lease Financing Receivables — 0
24 210
Estimated Tax Benefit from Tax-Exempt Loan Income 12 103
Income on Loans and Leases (TE) 4,599 27,695
Investment Interest Income (TE) 1,749 3,362
Total Interest Income (TE) 6,432 31,612
Total Interest Expense 888 3,609
Net Interest Income (TE) 5,544 27,533
Non-Interest Income 511 6,168
Adjusted Operating Income (TE) 6,055 34,154
Non-interest Expense 3,448 22,095
Provision for Loan & Lease Losses 385 1,171
Pretax Operating Income (TE) 2,222 10,243
Pretax Net Operating Income (TE) 2,388 10,425
Applicable Income Taxes 502 2,728
Net Operating Income 1,570 7,993
Net Income 1,570 7,896
Cash Dividends Declared 369 2,915
Retained Earnings 1,201 3,997