Verus Bank Of Commerce
Fort Collins, CO — State Member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Verus Bank Of Commerce | All Insured Commercial Banks in Colorado |
Interest and Fees on Loans | 12,602 | 12,058 |
Income from Lease Financing Receivables | — | 15 |
— | 86 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 44 |
Income on Loans and Leases (TE) | 12,602 | 12,124 |
Investment Interest Income (TE) | — | 1,943 |
Total Interest Income (TE) | 12,882 | 14,428 |
Total Interest Expense | 1,366 | 901 |
Net Interest Income (TE) | 11,516 | 13,487 |
Non-Interest Income | 718 | 4,327 |
Adjusted Operating Income (TE) | 12,234 | 18,392 |
Non-interest Expense | 4,460 | 12,555 |
Provision for Loan & Lease Losses | -300 | 237 |
Pretax Operating Income (TE) | 8,074 | 5,288 |
Pretax Net Operating Income (TE) | 8,074 | 5,374 |
Applicable Income Taxes | 2,918 | 823 |
Net Operating Income | 5,156 | 4,034 |
Net Income | 5,156 | 4,034 |
Cash Dividends Declared | 4,329 | 1,590 |
Retained Earnings | 827 | 2,176 |