Millennium Bank, National Association
Sterling, VA — National Bank
Acquired Mar 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Millennium Bank, National Association | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 3,887 | 22,778 |
Income from Lease Financing Receivables | — | 0 |
— | 63 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 30 |
Income on Loans and Leases (TE) | 3,887 | 22,841 |
Investment Interest Income (TE) | 815 | 2,997 |
Total Interest Income (TE) | 4,799 | 26,672 |
Total Interest Expense | 2,024 | 3,601 |
Net Interest Income (TE) | 2,775 | 22,684 |
Non-Interest Income | -18 | 5,343 |
Adjusted Operating Income (TE) | 2,757 | 28,396 |
Non-interest Expense | 5,660 | 19,361 |
Provision for Loan & Lease Losses | -285 | 964 |
Pretax Operating Income (TE) | -2,618 | 8,140 |
Pretax Net Operating Income (TE) | -4,820 | 8,111 |
Applicable Income Taxes | — | 2,157 |
Net Operating Income | -4,820 | 5,590 |
Net Income | -4,820 | 5,559 |
Cash Dividends Declared | — | 1,993 |
Retained Earnings | -4,820 | 2,616 |