River City Bank
Mechanicsville, VA — Domestic Branch of a Domestic Bank
Acquired Oct 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | River City Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 5,578 | 15,558 |
Income from Lease Financing Receivables | — | 58,167 |
— | 1,703 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 1,013 |
Income on Loans and Leases (TE) | 5,578 | 15,621 |
Investment Interest Income (TE) | 1,063 | 2,381 |
Total Interest Income (TE) | 6,733 | 18,504 |
Total Interest Expense | 3,789 | 7,619 |
Net Interest Income (TE) | 2,944 | 10,696 |
Non-Interest Income | 254 | 3,095 |
Adjusted Operating Income (TE) | 3,198 | 13,549 |
Non-interest Expense | 2,874 | 9,409 |
Provision for Loan & Lease Losses | 1,425 | 17,837 |
Pretax Operating Income (TE) | — | 8,510 |
Pretax Net Operating Income (TE) | — | 8,686 |
Applicable Income Taxes | — | 2,630 |
Net Operating Income | — | 5,384 |
Net Income | — | 3,897 |
Cash Dividends Declared | — | 2,783 |
Retained Earnings | — | 2,498 |