Citizens State Bank
Fort Dodge, IA — Domestic Branch of a Domestic Bank
Acquired Nov 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Citizens State Bank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 3,230 | 3,840 |
Income from Lease Financing Receivables | — | 1 |
6 | 31 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 3 | 16 |
Income on Loans and Leases (TE) | 3,233 | 3,863 |
Investment Interest Income (TE) | 966 | 942 |
Total Interest Income (TE) | 4,226 | 4,925 |
Total Interest Expense | 333 | 630 |
Net Interest Income (TE) | 3,893 | 4,278 |
Non-Interest Income | 318 | 760 |
Adjusted Operating Income (TE) | 4,211 | 5,058 |
Non-interest Expense | 2,243 | 2,973 |
Provision for Loan & Lease Losses | — | 99 |
Pretax Operating Income (TE) | 1,968 | 1,925 |
Pretax Net Operating Income (TE) | 2,020 | 1,956 |
Applicable Income Taxes | 476 | 205 |
Net Operating Income | 1,322 | 1,510 |
Net Income | 1,322 | 1,510 |
Cash Dividends Declared | 675 | 663 |
Retained Earnings | 647 | 816 |