Shore Bank
Onley, VA — Domestic Branch of a Domestic Bank
Acquired Oct 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Shore Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 10,249 | 18,121 |
Income from Lease Financing Receivables | — | 0 |
2 | 90 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1 | 45 |
Income on Loans and Leases (TE) | 10,250 | 18,229 |
Investment Interest Income (TE) | 597 | 2,404 |
Total Interest Income (TE) | 10,977 | 21,072 |
Total Interest Expense | 1,336 | 2,384 |
Net Interest Income (TE) | 9,641 | 18,299 |
Non-Interest Income | 1,519 | 4,409 |
Adjusted Operating Income (TE) | 11,160 | 23,381 |
Non-interest Expense | 9,879 | 15,583 |
Provision for Loan & Lease Losses | 75 | 440 |
Pretax Operating Income (TE) | 1,206 | 7,211 |
Pretax Net Operating Income (TE) | 1,188 | 7,301 |
Applicable Income Taxes | 42 | 1,923 |
Net Operating Income | 1,145 | 4,946 |
Net Income | 1,145 | 4,889 |
Cash Dividends Declared | — | 1,688 |
Retained Earnings | 1,145 | 2,857 |