Vectra Bank Colorado, National Association
Farmington, NM — Domestic Branch of a Domestic Bank
Acquired Dec 2015
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Vectra Bank Colorado, National Association | All Insured Commercial Banks in New Mexico |
| Interest and Fees on Loans | 76,862 | 7,707 |
| Income from Lease Financing Receivables | 576 | 6 |
| 3,333 | 61 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 1,795 | 31 |
| Income on Loans and Leases (TE) | 79,233 | 7,744 |
| Investment Interest Income (TE) | 4,174 | 2,136 |
| Total Interest Income (TE) | 84,741 | 10,147 |
| Total Interest Expense | 4,770 | 665 |
| Net Interest Income (TE) | 79,971 | 9,482 |
| Non-Interest Income | 15,831 | 2,265 |
| Adjusted Operating Income (TE) | 95,802 | 11,734 |
| Non-interest Expense | 73,059 | 8,169 |
| Provision for Loan & Lease Losses | 1,919 | 234 |
| Pretax Operating Income (TE) | 20,824 | 3,340 |
| Pretax Net Operating Income (TE) | 20,178 | 3,467 |
| Applicable Income Taxes | 5,840 | 236 |
| Net Operating Income | 12,471 | 2,910 |
| Net Income | 12,471 | 2,894 |
| Cash Dividends Declared | — | 1,413 |
| Retained Earnings | 12,471 | 1,313 |