Net Income Analysis ( % relative to Total Revenue )
Income Statement Pendleton Community Bank, Inc. All Insured Commercial Banks in West Virginia
Interest and Fees on Loans 11,321 11,666
Income from Lease Financing Receivables — 1
366 100
Estimated Tax Benefit from Tax-Exempt Loan Income 184 47
Income on Loans and Leases (TE) 11,505 11,724
Investment Interest Income (TE) 1,058 1,523
Total Interest Income (TE) 12,685 13,460
Total Interest Expense 985 1,601
Net Interest Income (TE) 11,700 11,860
Non-Interest Income 2,259 3,481
Adjusted Operating Income (TE) 13,959 15,431
Non-interest Expense 8,267 10,280
Provision for Loan & Lease Losses 720 502
Pretax Operating Income (TE) 4,972 4,739
Pretax Net Operating Income (TE) 5,058 4,910
Applicable Income Taxes 1,347 1,424
Net Operating Income 3,263 3,265
Net Income 3,263 3,285
Cash Dividends Declared 2,400 1,194
Retained Earnings 863 1,335