Xenith Bank
Richmond, VA — State Member Bank
Acquired Jul 2016
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 |