Southern Financial Bank
Warrenton, VA — Domestic Branch of a Domestic Bank
Acquired May 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Southern Financial Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 9,058 | 2,938 |
Income from Lease Financing Receivables | — | 258 |
— | 106 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 55 |
Income on Loans and Leases (TE) | 9,058 | 2,949 |
Investment Interest Income (TE) | 4,540 | 681 |
Total Interest Income (TE) | 13,684 | 3,691 |
Total Interest Expense | 3,137 | 1,036 |
Net Interest Income (TE) | 10,547 | 2,636 |
Non-Interest Income | 1,554 | 639 |
Adjusted Operating Income (TE) | 12,101 | 3,327 |
Non-interest Expense | 6,035 | 2,070 |
Provision for Loan & Lease Losses | 5,634 | 304 |
Pretax Operating Income (TE) | 432 | 2,994 |
Pretax Net Operating Income (TE) | 467 | 3,050 |
Applicable Income Taxes | 22 | 1,023 |
Net Operating Income | 441 | 1,971 |
Net Income | 441 | 1,971 |
Cash Dividends Declared | 1,000 | 1,219 |
Retained Earnings | — | 1,608 |