Net Income Analysis ( % relative to Total Revenue )
Income Statement Farmers And Merchants Bank And Trust All Insured Commercial Banks in Iowa
Interest and Fees on Loans 227 1,942
Income from Lease Financing Receivables — 69
2 37
Estimated Tax Benefit from Tax-Exempt Loan Income 1 19
Income on Loans and Leases (TE) 228 1,955
Investment Interest Income (TE) 52 493
Total Interest Income (TE) 301 2,473
Total Interest Expense 117 832
Net Interest Income (TE) 184 1,641
Non-Interest Income 13 289
Adjusted Operating Income (TE) 197 1,928
Non-interest Expense 157 1,127
Provision for Loan & Lease Losses 2 122
Pretax Operating Income (TE) 38 823
Pretax Net Operating Income (TE) 38 824
Applicable Income Taxes 12 184
Net Operating Income 25 617
Net Income 25 618
Cash Dividends Declared — 633
Retained Earnings 25 471