Net Income Analysis ( % relative to Total Revenue )
Income Statement Progressive Bank, National Association-Buckhannon All Insured Commercial Banks in West Virginia
Interest and Fees on Loans 423 1,557
Income from Lease Financing Receivables — 50
56 40
Estimated Tax Benefit from Tax-Exempt Loan Income 29 20
Income on Loans and Leases (TE) 452 1,563
Investment Interest Income (TE) 112 454
Total Interest Income (TE) 569 2,014
Total Interest Expense 201 722
Net Interest Income (TE) 368 1,268
Non-Interest Income 26 320
Adjusted Operating Income (TE) 394 1,582
Non-interest Expense 239 1,077
Provision for Loan & Lease Losses 15 128
Pretax Operating Income (TE) 140 939
Pretax Net Operating Income (TE) 140 968
Applicable Income Taxes 15 380
Net Operating Income 87 631
Net Income 87 631
Cash Dividends Declared 16 710
Retained Earnings 71 533