Patriot Bank, National Association
Fredericksburg, VA — Domestic Branch of a Domestic Bank
Acquired Dec 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Patriot Bank, National Association | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 7,143 | 14,128 |
Income from Lease Financing Receivables | — | — |
637 | 277 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 328 | 140 |
Income on Loans and Leases (TE) | 7,471 | 14,174 |
Investment Interest Income (TE) | 1,654 | 2,059 |
Total Interest Income (TE) | 9,641 | 16,733 |
Total Interest Expense | 2,881 | 6,554 |
Net Interest Income (TE) | 6,760 | 10,119 |
Non-Interest Income | 633 | 2,571 |
Adjusted Operating Income (TE) | 7,393 | 12,635 |
Non-interest Expense | 4,894 | 7,776 |
Provision for Loan & Lease Losses | 45 | 1,342 |
Pretax Operating Income (TE) | 2,454 | 23,527 |
Pretax Net Operating Income (TE) | 2,454 | 23,503 |
Applicable Income Taxes | 505 | 9,191 |
Net Operating Income | 1,621 | 14,801 |
Net Income | 1,621 | 14,801 |
Cash Dividends Declared | 569 | 6,783 |
Retained Earnings | 1,052 | 11,257 |