Bank Midwest
Spirit Lake, IA — State Member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bank Midwest | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 32,278 | 6,128 |
Income from Lease Financing Receivables | — | 1 |
101 | 47 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 54 | 23 |
Income on Loans and Leases (TE) | 32,332 | 6,162 |
Investment Interest Income (TE) | 1,823 | 1,177 |
Total Interest Income (TE) | 34,302 | 7,538 |
Total Interest Expense | 3,496 | 925 |
Net Interest Income (TE) | 30,806 | 6,587 |
Non-Interest Income | 9,696 | 1,176 |
Adjusted Operating Income (TE) | 40,502 | 7,798 |
Non-interest Expense | 28,256 | 4,586 |
Provision for Loan & Lease Losses | 1,164 | 208 |
Pretax Operating Income (TE) | 11,082 | 2,901 |
Pretax Net Operating Income (TE) | 11,050 | 2,963 |
Applicable Income Taxes | 230 | 312 |
Net Operating Income | 10,280 | 2,310 |
Net Income | 10,280 | 2,310 |
Cash Dividends Declared | 10,000 | 1,248 |
Retained Earnings | 280 | 1,005 |