Patrick Henry National Bank
Bassett, VA — Domestic Branch of a Domestic Bank
Acquired Dec 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Patrick Henry National Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 10,997 | 14,128 |
Income from Lease Financing Receivables | — | — |
932 | 277 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 480 | 140 |
Income on Loans and Leases (TE) | 11,477 | 14,174 |
Investment Interest Income (TE) | 2,592 | 2,059 |
Total Interest Income (TE) | 15,635 | 16,733 |
Total Interest Expense | 7,621 | 6,554 |
Net Interest Income (TE) | 8,014 | 10,119 |
Non-Interest Income | 873 | 2,571 |
Adjusted Operating Income (TE) | 8,887 | 12,635 |
Non-interest Expense | 6,178 | 7,776 |
Provision for Loan & Lease Losses | 135 | 1,342 |
Pretax Operating Income (TE) | 2,574 | 23,527 |
Pretax Net Operating Income (TE) | 2,574 | 23,503 |
Applicable Income Taxes | 390 | 9,191 |
Net Operating Income | 1,704 | 14,801 |
Net Income | 1,704 | 14,801 |
Cash Dividends Declared | 925 | 6,783 |
Retained Earnings | 779 | 11,257 |