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First Virginia Bank - Commonwealth, Income and Expense

1998-12-31 (YTD Data)Rank
Total interest income$16,863,0001,914
Total interest expense$6,280,0002,400
Net interest income$10,583,0001,605
Provision for loan and lease losses$128,0004,501
Total noninterest income$3,399,0001,223
Gross Fiduciary activities income$01,398
Service charges on deposit accounts$1,723,000723
Trading account gains and fees$0224
Additional Noninterest Income$1,676,0001,306
Total noninterest expense$9,842,0001,335
Salaries and employee benefits$4,008,0001,662
Premises and equipment expense$1,307,0001,500
Additional noninterest expense$4,527,0001,017
Pre-tax net operating income$4,012,0001,812
Securities gains (losses)$3,0003,720
Applicable income taxes$1,374,0001,763
Income before extraordinary items$2,641,0001,984
Extraordinary gains, net$032
Net income$2,641,0001,983
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$125,0003,256
Cash dividends$2,975,000999
Sale, conversion, retirement of capital stock, net$01,027
Net operating income$2,639,0201,910
1997-12-31 (YTD Data)Rank
Total interest income$16,614,0001,976
Total interest expense$6,163,0002,438
Net interest income$10,451,0001,668
Provision for loan and lease losses$146,0004,210
Total noninterest income$2,553,0001,455
Gross Fiduciary activities income$01,450
Service charges on deposit accounts$1,500,000854
Trading account gains and fees$0239
Additional Noninterest Income$1,053,0001,690
Total noninterest expense$9,137,0001,436
Salaries and employee benefits$3,795,0001,725
Premises and equipment expense$1,234,0001,577
Additional noninterest expense$4,108,0001,107
Pre-tax net operating income$3,721,0002,021
Securities gains (losses)$-6,0009,765
Applicable income taxes$1,260,0001,983
Income before extraordinary items$2,455,0002,146
Extraordinary gains, net$044
Net income$2,455,0002,145
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$120,0003,443
Cash dividends$1,925,0001,356
Sale, conversion, retirement of capital stock, net$01,030
Net operating income$2,458,9602,091
1996-12-31 (YTD Data)Rank
Total interest income$15,253,0002,211
Total interest expense$5,638,0002,691
Net interest income$9,615,0001,854
Provision for loan and lease losses$173,0003,789
Total noninterest income$2,075,0001,786
Gross Fiduciary activities income$01,526
Service charges on deposit accounts$1,289,0001,021
Trading account gains and fees$0262
Additional Noninterest Income$786,0002,132
Total noninterest expense$7,898,0001,797
Salaries and employee benefits$3,337,0001,981
Premises and equipment expense$969,0002,073
Additional noninterest expense$3,592,0001,483
Pre-tax net operating income$3,619,0001,994
Securities gains (losses)$1,0003,760
Applicable income taxes$1,218,0001,972
Income before extraordinary items$2,402,0002,072
Extraordinary gains, net$053
Net income$2,402,0002,073
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$103,0003,872
Cash dividends$2,480,0001,112
Sale, conversion, retirement of capital stock, net$0953
Net operating income$2,401,3402,029
1995-12-31 (YTD Data)Rank
Total interest income$11,391,0002,926
Total interest expense$4,477,0003,318
Net interest income$6,914,0002,594
Provision for loan and lease losses$-56,00011,617
Total noninterest income$1,293,0002,552
Gross Fiduciary activities income$76,0001,215
Service charges on deposit accounts$804,0001,679
Trading account gains and fees$0522
Additional Noninterest Income$413,0003,248
Total noninterest expense$5,599,0002,427
Salaries and employee benefits$2,298,0002,898
Premises and equipment expense$532,0003,562
Additional noninterest expense$2,769,0001,814
Pre-tax net operating income$2,664,0002,684
Securities gains (losses)$03,831
Applicable income taxes$878,0002,666
Income before extraordinary items$1,786,0002,765
Extraordinary gains, net$065
Net income$1,786,0002,764
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$-36,00011,314
Cash dividends$1,380,0001,604
Sale, conversion, retirement of capital stock, net$0809
Net operating income$1,786,0002,729
1994-12-31 (YTD Data)Rank
Total interest income$11,001,0002,755
Total interest expense$3,709,0003,293
Net interest income$7,292,0002,476
Provision for loan and lease losses$-80,00012,105
Total noninterest income$1,321,0002,545
Gross Fiduciary activities income$42,0001,339
Service charges on deposit accounts$877,0001,542
Trading account gains and fees$0475
Additional Noninterest Income$402,0003,393
Total noninterest expense$5,552,0002,511
Salaries and employee benefits$2,221,0002,980
Premises and equipment expense$545,0003,545
Additional noninterest expense$2,786,0001,944
Pre-tax net operating income$3,141,0002,253
Securities gains (losses)$1,0003,293
Applicable income taxes$1,030,0002,169
Income before extraordinary items$2,112,0002,294
Extraordinary gains, net$0249
Net income$2,112,0002,290
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$-13,00010,986
Cash dividends$2,120,0001,055
Sale, conversion, retirement of capital stock, net$01,160
Net operating income$2,111,3302,320
1993-12-31 (YTD Data)Rank
Total interest income$11,284,0002,742
Total interest expense$3,885,0003,243
Net interest income$7,399,0002,426
Provision for loan and lease losses$26,0008,647
Total noninterest income$1,270,0002,788
Gross Fiduciary activities income$33,0001,398
Service charges on deposit accounts$870,0001,572
Trading account gains and fees$0532
Additional Noninterest Income$367,0003,975
Total noninterest expense$5,618,0002,544
Salaries and employee benefits$2,170,0003,019
Premises and equipment expense$555,0003,549
Additional noninterest expense$2,893,0001,964
Pre-tax net operating income$3,025,0002,265
Securities gains (losses)$1,0007,052
Applicable income taxes$958,0002,357
Income before extraordinary items$2,068,0002,427
Extraordinary gains, net$03,149
Net income$2,068,0002,511
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$-5,00011,387
Cash dividends$1,904,0001,072
Sale, conversion, retirement of capital stock, net$01,223
Net operating income$2,067,3202,277
1992-12-31 (YTD Data)Rank
Total interest income$12,293,0002,850
Total interest expense$5,023,0003,293
Net interest income$7,270,0002,501
Provision for loan and lease losses$146,0006,180
Total noninterest income$1,201,0002,864
Gross Fiduciary activities income$33,0001,424
Service charges on deposit accounts$838,0001,627
Trading account gains and fees$0504
Additional Noninterest Income$330,0004,169
Total noninterest expense$5,450,0002,651
Salaries and employee benefits$2,037,0003,168
Premises and equipment expense$543,0003,691
Additional noninterest expense$2,870,0002,067
Pre-tax net operating income$2,875,0002,162
Securities gains (losses)$-2,00012,861
Applicable income taxes$869,0002,395
Income before extraordinary items$2,004,0002,290
Extraordinary gains, net$14,0001,291
Net income$2,018,0002,305
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$94,0006,068
Cash dividends$1,864,000915
Sale, conversion, retirement of capital stock, net$01,165
Net operating income$2,005,4002,118

* The data above is accumulated from the beginning of the year to the date posted. The data for Dec. 31 is the number for the entire year.