Commonwealth Bankshares, Inc. (CWBS) Income Statement

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Loans, including fees	11.36M
Taxable	88.13K
Tax exempt	0
Dividend income, equity securities, restricted	42.34K
Other interest income	58.89K
Total interest and dividend income	11.55M
Deposits	4.79M
Short-term borrowings	14.14K
Long-term debt	482.62K
Trust preferred capital notes	97.73K
Total interest expense	5.39M
Net interest income	6.16M
Provision for loan losses	22.51M
Net interest income (loss) after provision for loan losses	-16.35M
Service charges on deposit accounts	212.79K
Other service charges and fees	253.61K
Mortgage brokerage income	22.19K
Title insurance income	12K
Investment service income	18.84K
Losses on other real estate owned, net	-1.38M
Other	104.96K
Total noninterest income	-751.15K
Salaries and employee benefits	2.5M
Net occupancy expense	980.13K
Furniture and equipment expense	461.2K
Legal and other professional fees	1.73M
FDIC insurance	1.01M
Other real estate owned expense	758.36K
Other operating expense	1.95M
Total noninterest expense	9.39M
Loss before income taxes	-26.48M
Income tax benefit	-264.12K
Net loss	-26.22M
Less: Net income attributable to noncontrolling interests	2.41K
Net loss attributable to the Company	-26.22M
Basic	-3.8
Diluted	-3.8
Basic weighted average shares outstanding	6.9M
Diluted weighted average shares outstanding	6.9M

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