Net Income Analysis ( % relative to Total Revenue )
Income Statement Ackley State Bank All Insured Commercial Banks in Iowa
Interest and Fees on Loans 4,870 5,640
Income from Lease Financing Receivables — 0
73 44
Estimated Tax Benefit from Tax-Exempt Loan Income 36 22
Income on Loans and Leases (TE) 4,906 5,673
Investment Interest Income (TE) 971 1,204
Total Interest Income (TE) 6,023 7,060
Total Interest Expense 823 849
Net Interest Income (TE) 5,200 6,187
Non-Interest Income 1,731 1,100
Adjusted Operating Income (TE) 6,931 7,320
Non-interest Expense 4,443 4,313
Provision for Loan & Lease Losses 40 195
Pretax Operating Income (TE) 2,448 2,749
Pretax Net Operating Income (TE) 2,478 2,812
Applicable Income Taxes 94 294
Net Operating Income 2,107 2,174
Net Income 2,107 2,174
Cash Dividends Declared 1,170 1,102
Retained Earnings 937 997