Virginia Heritage Bank
Fairfax, VA — Domestic Branch of a Domestic Bank
Acquired Nov 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Virginia Heritage Bank | All Insured Commercial Banks in Virginia |
Interest and Fees on Loans | 26,472 | 16,702 |
Income from Lease Financing Receivables | — | 0 |
— | 55 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 28 |
Income on Loans and Leases (TE) | 26,472 | 16,769 |
Investment Interest Income (TE) | 2,154 | 2,498 |
Total Interest Income (TE) | 28,667 | 19,730 |
Total Interest Expense | 4,012 | 2,347 |
Net Interest Income (TE) | 24,655 | 17,026 |
Non-Interest Income | 5,704 | 4,033 |
Adjusted Operating Income (TE) | 30,359 | 21,697 |
Non-interest Expense | 18,430 | 14,305 |
Provision for Loan & Lease Losses | 760 | 443 |
Pretax Operating Income (TE) | 11,169 | 6,456 |
Pretax Net Operating Income (TE) | 10,889 | 6,526 |
Applicable Income Taxes | 3,915 | 1,533 |
Net Operating Income | 6,804 | 4,417 |
Net Income | 6,804 | 4,386 |
Cash Dividends Declared | 114 | 1,230 |
Retained Earnings | 6,690 | 2,582 |