Verdugo Banking Company
Glendale, CA — Domestic Branch of a Domestic Bank
Acquired Aug 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Verdugo Banking Company | All Insured Commercial Banks in California |
Interest and Fees on Loans | 4,714 | 10,570 |
Income from Lease Financing Receivables | — | 5,994 |
— | 562 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 310 |
Income on Loans and Leases (TE) | 4,714 | 10,281 |
Investment Interest Income (TE) | 178 | 4,331 |
Total Interest Income (TE) | 4,932 | 10,703 |
Total Interest Expense | 851 | 2,469 |
Net Interest Income (TE) | 4,081 | 8,220 |
Non-Interest Income | 300 | 2,849 |
Adjusted Operating Income (TE) | 4,381 | 11,182 |
Non-interest Expense | 2,310 | 6,781 |
Provision for Loan & Lease Losses | 360 | 2,563 |
Pretax Operating Income (TE) | 1,711 | 22,064 |
Pretax Net Operating Income (TE) | 1,711 | 22,376 |
Applicable Income Taxes | 701 | 7,964 |
Net Operating Income | 1,010 | 14,061 |
Net Income | 1,010 | 14,059 |
Cash Dividends Declared | — | 4,775 |
Retained Earnings | 1,010 | 12,558 |