Virginia Company Bank
Newport News, VA — Domestic Branch of a Domestic Bank
Acquired Nov 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Virginia Company Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 3,757 | 16,702 |
Income from Lease Financing Receivables | — | 0 |
— | 55 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 28 |
Income on Loans and Leases (TE) | 3,757 | 16,769 |
Investment Interest Income (TE) | 154 | 2,498 |
Total Interest Income (TE) | 3,922 | 19,730 |
Total Interest Expense | 454 | 2,347 |
Net Interest Income (TE) | 3,468 | 17,026 |
Non-Interest Income | 279 | 4,033 |
Adjusted Operating Income (TE) | 3,747 | 21,697 |
Non-interest Expense | 4,373 | 14,305 |
Provision for Loan & Lease Losses | -119 | 443 |
Pretax Operating Income (TE) | -507 | 6,456 |
Pretax Net Operating Income (TE) | -504 | 6,526 |
Applicable Income Taxes | — | 1,533 |
Net Operating Income | -504 | 4,417 |
Net Income | -504 | 4,386 |
Cash Dividends Declared | — | 1,230 |
Retained Earnings | -504 | 2,582 |