Freedom Security Bank
Coralville, IA — Domestic Branch of a Domestic Bank
Acquired Jul 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Freedom Security Bank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 1,003 | 2,374 |
Income from Lease Financing Receivables | — | 0 |
24 | 22 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 10 |
Income on Loans and Leases (TE) | 1,003 | 2,388 |
Investment Interest Income (TE) | 292 | 596 |
Total Interest Income (TE) | 1,300 | 3,054 |
Total Interest Expense | 198 | 468 |
Net Interest Income (TE) | 1,102 | 2,574 |
Non-Interest Income | 265 | 511 |
Adjusted Operating Income (TE) | 1,367 | 3,096 |
Non-interest Expense | 1,351 | 1,841 |
Provision for Loan & Lease Losses | 30 | 66 |
Pretax Operating Income (TE) | -14 | 1,143 |
Pretax Net Operating Income (TE) | -13 | 1,178 |
Applicable Income Taxes | -69 | 125 |
Net Operating Income | 56 | 899 |
Net Income | 56 | 900 |
Cash Dividends Declared | — | 422 |
Retained Earnings | 56 | 436 |