Net Income Analysis ( % relative to Total Revenue )
Income Statement Xenith Bank All Insured Commercial Banks in Virginia
Interest and Fees on Loans 16,832 12,804
Income from Lease Financing Receivables — 0
— 68
Estimated Tax Benefit from Tax-Exempt Loan Income — 32
Income on Loans and Leases (TE) 16,832 12,891
Investment Interest Income (TE) 1,778 1,684
Total Interest Income (TE) 18,960 14,847
Total Interest Expense 3,218 1,720
Net Interest Income (TE) 15,742 12,880
Non-Interest Income 666 2,910
Adjusted Operating Income (TE) 16,408 16,100
Non-interest Expense 13,440 10,452
Provision for Loan & Lease Losses 395 419
Pretax Operating Income (TE) 2,573 4,872
Pretax Net Operating Income (TE) 2,708 5,009
Applicable Income Taxes 1,010 1,346
Net Operating Income 1,698 3,371
Net Income 1,698 3,327
Cash Dividends Declared — 1,405
Retained Earnings 1,698 1,720