Fairbank State Bank
Fairbank, IA — Domestic Branch of a Domestic Bank
Acquired Apr 2008
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Fairbank State Bank | All Insured Commercial Banks in Iowa |
| Interest and Fees on Loans | 366 | 1,348 |
| Income from Lease Financing Receivables | — | 92 |
| 5 | 28 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 2 | 14 |
| Income on Loans and Leases (TE) | 368 | 1,356 |
| Investment Interest Income (TE) | 81 | 316 |
| Total Interest Income (TE) | 457 | 1,686 |
| Total Interest Expense | 204 | 761 |
| Net Interest Income (TE) | 253 | 921 |
| Non-Interest Income | 35 | 172 |
| Adjusted Operating Income (TE) | 288 | 1,094 |
| Non-interest Expense | 170 | 668 |
| Provision for Loan & Lease Losses | 6 | 167 |
| Pretax Operating Income (TE) | 112 | 455 |
| Pretax Net Operating Income (TE) | 112 | 465 |
| Applicable Income Taxes | 25 | 96 |
| Net Operating Income | 75 | 362 |
| Net Income | 75 | 362 |
| Cash Dividends Declared | — | 502 |
| Retained Earnings | 75 | 313 |