Net Income Analysis ( % relative to Total Revenue )
Income Statement Riggs Bank National Association All Insured Commercial Banks in Virginia
Interest and Fees on Loans 39,563 3,477
Income from Lease Financing Receivables 101 101
2,230 115
Estimated Tax Benefit from Tax-Exempt Loan Income — 38
Income on Loans and Leases (TE) 39,664 3,489
Investment Interest Income (TE) 13,722 613
Total Interest Income (TE) 58,060 4,204
Total Interest Expense 21,264 1,239
Net Interest Income (TE) 36,796 2,961
Non-Interest Income 25,612 722
Adjusted Operating Income (TE) 62,408 3,734
Non-interest Expense 75,233 2,307
Provision for Loan & Lease Losses 500 271
Pretax Operating Income (TE) — 4,675
Pretax Net Operating Income (TE) — 4,696
Applicable Income Taxes — 1,707
Net Operating Income — 2,975
Net Income — 2,975
Cash Dividends Declared — 4,294
Retained Earnings — 2,048