Fortress Bank Of Cresco
Cresco, IA — Domestic Branch of a Domestic Bank
Acquired Oct 2007
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Fortress Bank Of Cresco | All Insured Commercial Banks in Iowa |
| Interest and Fees on Loans | 3,393 | 3,986 |
| Income from Lease Financing Receivables | — | 214 |
| — | 75 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 36 |
| Income on Loans and Leases (TE) | 3,393 | 4,009 |
| Investment Interest Income (TE) | 499 | 861 |
| Total Interest Income (TE) | 3,938 | 4,938 |
| Total Interest Expense | 1,999 | 2,352 |
| Net Interest Income (TE) | 1,939 | 2,583 |
| Non-Interest Income | 386 | 486 |
| Adjusted Operating Income (TE) | 2,325 | 3,072 |
| Non-interest Expense | 1,664 | 1,876 |
| Provision for Loan & Lease Losses | — | 245 |
| Pretax Operating Income (TE) | 661 | 1,282 |
| Pretax Net Operating Income (TE) | 661 | 1,304 |
| Applicable Income Taxes | 205 | 274 |
| Net Operating Income | 416 | 990 |
| Net Income | 416 | 990 |
| Cash Dividends Declared | 75 | 798 |
| Retained Earnings | 341 | 692 |