Virginia Commerce Bank
Arlington, VA — Domestic Branch of a Domestic Bank
Acquired Feb 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Virginia Commerce Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 109,995 | 22,778 |
Income from Lease Financing Receivables | — | 0 |
387 | 63 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 201 | 30 |
Income on Loans and Leases (TE) | 110,196 | 22,841 |
Investment Interest Income (TE) | 11,853 | 2,997 |
Total Interest Income (TE) | 122,643 | 26,672 |
Total Interest Expense | 16,814 | 3,601 |
Net Interest Income (TE) | 105,829 | 22,684 |
Non-Interest Income | 8,201 | 5,343 |
Adjusted Operating Income (TE) | 114,030 | 28,396 |
Non-interest Expense | 55,963 | 19,361 |
Provision for Loan & Lease Losses | 7,540 | 964 |
Pretax Operating Income (TE) | 50,527 | 8,140 |
Pretax Net Operating Income (TE) | 50,527 | 8,111 |
Applicable Income Taxes | 15,903 | 2,157 |
Net Operating Income | 33,279 | 5,590 |
Net Income | 33,279 | 5,559 |
Cash Dividends Declared | — | 1,993 |
Retained Earnings | 33,279 | 2,616 |