Corwith State Bank
Corwith, IA — Domestic Branch of a Domestic Bank
Acquired Aug 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Corwith State Bank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 424 | 1,775 |
Income from Lease Financing Receivables | — | 60 |
— | 36 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 18 |
Income on Loans and Leases (TE) | 424 | 1,787 |
Investment Interest Income (TE) | 150 | 480 |
Total Interest Income (TE) | 589 | 2,294 |
Total Interest Expense | 200 | 832 |
Net Interest Income (TE) | 389 | 1,459 |
Non-Interest Income | 58 | 263 |
Adjusted Operating Income (TE) | 447 | 1,730 |
Non-interest Expense | 352 | 999 |
Provision for Loan & Lease Losses | — | 160 |
Pretax Operating Income (TE) | 95 | 813 |
Pretax Net Operating Income (TE) | 95 | 834 |
Applicable Income Taxes | 38 | 231 |
Net Operating Income | 53 | 623 |
Net Income | 53 | 623 |
Cash Dividends Declared | 26 | 779 |
Retained Earnings | 27 | 398 |