Net Income Analysis ( % relative to Total Revenue )
Income Statement Union Bank, Inc. All Insured Commercial Banks in West Virginia
Interest and Fees on Loans 4,633 11,666
Income from Lease Financing Receivables — 1
38 100
Estimated Tax Benefit from Tax-Exempt Loan Income 20 47
Income on Loans and Leases (TE) 4,653 11,724
Investment Interest Income (TE) 2,876 1,523
Total Interest Income (TE) 7,748 13,460
Total Interest Expense 394 1,601
Net Interest Income (TE) 7,354 11,860
Non-Interest Income 948 3,481
Adjusted Operating Income (TE) 8,302 15,431
Non-interest Expense 5,223 10,280
Provision for Loan & Lease Losses 24 502
Pretax Operating Income (TE) 3,055 4,739
Pretax Net Operating Income (TE) 3,085 4,910
Applicable Income Taxes — 1,424
Net Operating Income 2,759 3,265
Net Income 2,759 3,285
Cash Dividends Declared 1,715 1,194
Retained Earnings 1,044 1,335