Monarch Bank
Chesapeake, VA — State Member Bank
Acquired Jun 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Monarch Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 12,102 | 6,423 |
Income from Lease Financing Receivables | — | 0 |
— | 33 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 16 |
Income on Loans and Leases (TE) | 12,102 | 6,464 |
Investment Interest Income (TE) | 116 | 837 |
Total Interest Income (TE) | 12,423 | 7,443 |
Total Interest Expense | 857 | 857 |
Net Interest Income (TE) | 11,566 | 6,463 |
Non-Interest Income | 20,329 | 1,565 |
Adjusted Operating Income (TE) | 31,895 | 8,217 |
Non-interest Expense | 25,371 | 5,412 |
Provision for Loan & Lease Losses | — | 165 |
Pretax Operating Income (TE) | 6,524 | 2,521 |
Pretax Net Operating Income (TE) | 6,524 | 2,562 |
Applicable Income Taxes | 2,363 | 679 |
Net Operating Income | 4,156 | 1,733 |
Net Income | 4,112 | 1,721 |
Cash Dividends Declared | 1,125 | 591 |
Retained Earnings | 2,987 | 882 |