Summit Community Bank, Inc
Moorefield, WV — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Summit Community Bank, Inc | All Insured Commercial Banks in West Virginia |
Interest and Fees on Loans | 56,980 | 11,666 |
Income from Lease Financing Receivables | — | 1 |
541 | 100 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 260 | 47 |
Income on Loans and Leases (TE) | 57,240 | 11,724 |
Investment Interest Income (TE) | 7,711 | 1,523 |
Total Interest Income (TE) | 65,553 | 13,460 |
Total Interest Expense | 14,422 | 1,601 |
Net Interest Income (TE) | 51,131 | 11,860 |
Non-Interest Income | 6,770 | 3,481 |
Adjusted Operating Income (TE) | 57,901 | 15,431 |
Non-interest Expense | 30,145 | 10,280 |
Provision for Loan & Lease Losses | 500 | 502 |
Pretax Operating Income (TE) | 27,256 | 4,739 |
Pretax Net Operating Income (TE) | 28,397 | 4,910 |
Applicable Income Taxes | 8,579 | 1,424 |
Net Operating Income | 18,336 | 3,265 |
Net Income | 18,336 | 3,285 |
Cash Dividends Declared | 5,070 | 1,194 |
Retained Earnings | 13,266 | 1,335 |