Bank Iowa
Red Oak, IA — Domestic Branch of a Domestic Bank
Acquired Mar 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bank Iowa | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 5,275 | 5,035 |
Income from Lease Financing Receivables | — | 1 |
42 | 47 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 21 | 21 |
Income on Loans and Leases (TE) | 5,296 | 5,068 |
Investment Interest Income (TE) | 950 | 1,142 |
Total Interest Income (TE) | 6,282 | 6,342 |
Total Interest Expense | 1,236 | 1,660 |
Net Interest Income (TE) | 5,046 | 4,668 |
Non-Interest Income | 1,054 | 787 |
Adjusted Operating Income (TE) | 6,100 | 5,464 |
Non-interest Expense | 3,412 | 3,264 |
Provision for Loan & Lease Losses | 460 | 457 |
Pretax Operating Income (TE) | 2,228 | 1,682 |
Pretax Net Operating Income (TE) | 2,228 | 1,728 |
Applicable Income Taxes | 94 | 171 |
Net Operating Income | 1,850 | 1,330 |
Net Income | 1,850 | 1,330 |
Cash Dividends Declared | 1,650 | 665 |
Retained Earnings | 200 | 626 |