Potomac Bank Of Virginia
Fairfax, VA — Domestic Branch of a Domestic Bank
Acquired Feb 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Potomac Bank Of Virginia | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 13,687 | 19,097 |
Income from Lease Financing Receivables | — | — |
— | 169 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 85 |
Income on Loans and Leases (TE) | 13,687 | 19,127 |
Investment Interest Income (TE) | 1,812 | 2,659 |
Total Interest Income (TE) | 15,833 | 22,346 |
Total Interest Expense | 6,168 | 9,410 |
Net Interest Income (TE) | 9,665 | 13,411 |
Non-Interest Income | 626 | 3,681 |
Adjusted Operating Income (TE) | 10,291 | 16,887 |
Non-interest Expense | 7,130 | 10,955 |
Provision for Loan & Lease Losses | 332 | 2,257 |
Pretax Operating Income (TE) | 2,829 | 28,930 |
Pretax Net Operating Income (TE) | 2,765 | 28,886 |
Applicable Income Taxes | 856 | 11,371 |
Net Operating Income | 1,881 | 18,118 |
Net Income | 1,881 | 18,282 |
Cash Dividends Declared | — | 3,844 |
Retained Earnings | 1,881 | 16,142 |