First State Bank
Manchester, IA — Domestic Branch of a Domestic Bank
Acquired Jul 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First State Bank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 1,980 | 2,468 |
Income from Lease Financing Receivables | — | 1 |
59 | 23 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 29 | 11 |
Income on Loans and Leases (TE) | 2,009 | 2,485 |
Investment Interest Income (TE) | 1,230 | 619 |
Total Interest Income (TE) | 3,271 | 3,167 |
Total Interest Expense | 862 | 587 |
Net Interest Income (TE) | 2,409 | 2,571 |
Non-Interest Income | 289 | 467 |
Adjusted Operating Income (TE) | 2,698 | 3,052 |
Non-interest Expense | 1,610 | 1,764 |
Provision for Loan & Lease Losses | 80 | 96 |
Pretax Operating Income (TE) | 1,008 | 1,136 |
Pretax Net Operating Income (TE) | 1,481 | 1,191 |
Applicable Income Taxes | 38 | 126 |
Net Operating Income | 1,156 | 917 |
Net Income | 1,156 | 917 |
Cash Dividends Declared | 3,045 | 397 |
Retained Earnings | -1,889 | 495 |