Northern Neck State Bank
Warsaw, VA — Domestic Branch of a Domestic Bank
Acquired Oct 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Northern Neck State Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 9,947 | 17,466 |
Income from Lease Financing Receivables | — | 0 |
108 | 59 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 53 | 28 |
Income on Loans and Leases (TE) | 10,000 | 17,546 |
Investment Interest Income (TE) | 3,212 | 2,410 |
Total Interest Income (TE) | 13,238 | 20,355 |
Total Interest Expense | 3,240 | 5,550 |
Net Interest Income (TE) | 9,998 | 14,528 |
Non-Interest Income | 1,355 | 3,221 |
Adjusted Operating Income (TE) | 11,353 | 17,955 |
Non-interest Expense | 7,457 | 12,151 |
Provision for Loan & Lease Losses | 268 | 3,047 |
Pretax Operating Income (TE) | 3,628 | 2,982 |
Pretax Net Operating Income (TE) | 3,640 | 3,161 |
Applicable Income Taxes | 661 | 894 |
Net Operating Income | 2,439 | 2,071 |
Net Income | 2,439 | 2,066 |
Cash Dividends Declared | 1,700 | 475 |
Retained Earnings | 739 | 1,172 |