Rockingham Heritage Bank
Harrisonburg, VA — Domestic Branch of a Domestic Bank
Acquired Jul 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Rockingham Heritage Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 14,039 | 10,887 |
Income from Lease Financing Receivables | — | 106 |
— | 106 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 55 |
Income on Loans and Leases (TE) | 14,039 | 10,902 |
Investment Interest Income (TE) | 420 | 1,505 |
Total Interest Income (TE) | 14,873 | 12,695 |
Total Interest Expense | 6,530 | 5,639 |
Net Interest Income (TE) | 8,343 | 7,055 |
Non-Interest Income | 1,049 | 1,616 |
Adjusted Operating Income (TE) | 9,392 | 8,816 |
Non-interest Expense | 5,590 | 5,747 |
Provision for Loan & Lease Losses | 50 | 337 |
Pretax Operating Income (TE) | 3,752 | 4,235 |
Pretax Net Operating Income (TE) | 3,752 | 4,247 |
Applicable Income Taxes | 1,265 | 1,305 |
Net Operating Income | 2,471 | 2,825 |
Net Income | 2,471 | 2,825 |
Cash Dividends Declared | — | 1,847 |
Retained Earnings | 2,471 | 1,924 |