Towne Bank
Portsmouth, VA — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Towne Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 240,940 | 27,504 |
Income from Lease Financing Receivables | — | 0 |
7,532 | 210 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 3,743 | 103 |
Income on Loans and Leases (TE) | 244,683 | 27,695 |
Investment Interest Income (TE) | 12,088 | 3,362 |
Total Interest Income (TE) | 259,530 | 31,612 |
Total Interest Expense | 35,740 | 3,609 |
Net Interest Income (TE) | 223,790 | 27,533 |
Non-Interest Income | 232,515 | 6,168 |
Adjusted Operating Income (TE) | 456,305 | 34,154 |
Non-interest Expense | 345,451 | 22,095 |
Provision for Loan & Lease Losses | 5,357 | 1,171 |
Pretax Operating Income (TE) | 105,497 | 10,243 |
Pretax Net Operating Income (TE) | 105,503 | 10,425 |
Applicable Income Taxes | 28,698 | 2,728 |
Net Operating Income | 72,215 | 7,993 |
Net Income | 67,250 | 7,896 |
Cash Dividends Declared | 30,542 | 2,915 |
Retained Earnings | 36,708 | 3,997 |