First National Bank
Waverly, IA — National Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | First National Bank | All Insured Commercial Banks in Iowa |
| Interest and Fees on Loans | 13,865 | 6,128 |
| Income from Lease Financing Receivables | — | 1 |
| 118 | 47 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 59 | 23 |
| Income on Loans and Leases (TE) | 13,924 | 6,162 |
| Investment Interest Income (TE) | 733 | 1,177 |
| Total Interest Income (TE) | 14,782 | 7,538 |
| Total Interest Expense | 1,685 | 925 |
| Net Interest Income (TE) | 13,097 | 6,587 |
| Non-Interest Income | 1,564 | 1,176 |
| Adjusted Operating Income (TE) | 14,661 | 7,798 |
| Non-interest Expense | 8,002 | 4,586 |
| Provision for Loan & Lease Losses | 1,532 | 208 |
| Pretax Operating Income (TE) | 5,127 | 2,901 |
| Pretax Net Operating Income (TE) | 5,127 | 2,963 |
| Applicable Income Taxes | 1,519 | 312 |
| Net Operating Income | 3,352 | 2,310 |
| Net Income | 3,352 | 2,310 |
| Cash Dividends Declared | — | 1,248 |
| Retained Earnings | 3,352 | 1,005 |