Vantage Point Bank
Horsham, PA — Non-member Bank
Acquired Mar 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Vantage Point Bank | All Insured Commercial Banks in Pennsylvania |
Interest and Fees on Loans | 2,506 | 18,730 |
Income from Lease Financing Receivables | — | 36 |
— | 344 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 175 |
Income on Loans and Leases (TE) | 2,506 | 19,103 |
Investment Interest Income (TE) | 189 | 3,758 |
Total Interest Income (TE) | 2,721 | 22,956 |
Total Interest Expense | 806 | 3,015 |
Net Interest Income (TE) | 1,915 | 19,866 |
Non-Interest Income | 10,469 | 5,491 |
Adjusted Operating Income (TE) | 12,384 | 25,328 |
Non-interest Expense | 15,462 | 17,076 |
Provision for Loan & Lease Losses | 725 | 1,017 |
Pretax Operating Income (TE) | -3,803 | 7,332 |
Pretax Net Operating Income (TE) | -3,804 | 7,658 |
Applicable Income Taxes | — | 1,611 |
Net Operating Income | -3,804 | 5,241 |
Net Income | -3,804 | 5,235 |
Cash Dividends Declared | — | 1,959 |
Retained Earnings | -3,804 | 2,458 |