The Marathon Bank
Stephens City, VA — Domestic Branch of a Domestic Bank
Acquired Jul 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Marathon Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 14,603 | 10,887 |
Income from Lease Financing Receivables | — | 106 |
143 | 106 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 74 | 55 |
Income on Loans and Leases (TE) | 14,677 | 10,902 |
Investment Interest Income (TE) | 536 | 1,505 |
Total Interest Income (TE) | 15,905 | 12,695 |
Total Interest Expense | 6,802 | 5,639 |
Net Interest Income (TE) | 9,103 | 7,055 |
Non-Interest Income | 1,755 | 1,616 |
Adjusted Operating Income (TE) | 10,858 | 8,816 |
Non-interest Expense | 6,445 | 5,747 |
Provision for Loan & Lease Losses | 25 | 337 |
Pretax Operating Income (TE) | 4,388 | 4,235 |
Pretax Net Operating Income (TE) | 4,388 | 4,247 |
Applicable Income Taxes | 1,415 | 1,305 |
Net Operating Income | 2,814 | 2,825 |
Net Income | 2,814 | 2,825 |
Cash Dividends Declared | — | 1,847 |
Retained Earnings | 2,814 | 1,924 |