Farmers & Merchants Savings Bank
Manchester, IA — State Member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Farmers & Merchants Savings Bank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 21,847 | 6,128 |
Income from Lease Financing Receivables | — | 1 |
137 | 47 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 71 | 23 |
Income on Loans and Leases (TE) | 21,918 | 6,162 |
Investment Interest Income (TE) | 1,360 | 1,177 |
Total Interest Income (TE) | 23,463 | 7,538 |
Total Interest Expense | 2,829 | 925 |
Net Interest Income (TE) | 20,634 | 6,587 |
Non-Interest Income | 2,820 | 1,176 |
Adjusted Operating Income (TE) | 23,454 | 7,798 |
Non-interest Expense | 13,101 | 4,586 |
Provision for Loan & Lease Losses | 1,320 | 208 |
Pretax Operating Income (TE) | 9,033 | 2,901 |
Pretax Net Operating Income (TE) | 9,041 | 2,963 |
Applicable Income Taxes | 355 | 312 |
Net Operating Income | 8,215 | 2,310 |
Net Income | 8,215 | 2,310 |
Cash Dividends Declared | 4,416 | 1,248 |
Retained Earnings | 3,799 | 1,005 |