Citizens State Bank
Waukon, IA — Domestic Branch of a Domestic Bank
Acquired Jul 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Citizens State Bank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 1,518 | 2,554 |
Income from Lease Financing Receivables | — | 178 |
— | 57 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 27 |
Income on Loans and Leases (TE) | 1,518 | 2,571 |
Investment Interest Income (TE) | 56 | 658 |
Total Interest Income (TE) | 1,585 | 3,201 |
Total Interest Expense | 658 | 1,110 |
Net Interest Income (TE) | 927 | 2,084 |
Non-Interest Income | 180 | 431 |
Adjusted Operating Income (TE) | 1,107 | 2,461 |
Non-interest Expense | 1,182 | 1,533 |
Provision for Loan & Lease Losses | 2,000 | 707 |
Pretax Operating Income (TE) | — | 1,037 |
Pretax Net Operating Income (TE) | — | 1,067 |
Applicable Income Taxes | — | 149 |
Net Operating Income | — | 802 |
Net Income | — | 802 |
Cash Dividends Declared | — | 592 |
Retained Earnings | — | 508 |