Freedombank
Elkader, IA — Non-member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Freedombank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 8,229 | 6,128 |
Income from Lease Financing Receivables | — | 1 |
23 | 47 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 12 | 23 |
Income on Loans and Leases (TE) | 8,241 | 6,162 |
Investment Interest Income (TE) | 1,019 | 1,177 |
Total Interest Income (TE) | 9,308 | 7,538 |
Total Interest Expense | 1,353 | 925 |
Net Interest Income (TE) | 7,955 | 6,587 |
Non-Interest Income | 654 | 1,176 |
Adjusted Operating Income (TE) | 8,609 | 7,798 |
Non-interest Expense | 5,352 | 4,586 |
Provision for Loan & Lease Losses | — | 208 |
Pretax Operating Income (TE) | 3,257 | 2,901 |
Pretax Net Operating Income (TE) | 3,277 | 2,963 |
Applicable Income Taxes | 149 | 312 |
Net Operating Income | 3,116 | 2,310 |
Net Income | 3,116 | 2,310 |
Cash Dividends Declared | 2,545 | 1,248 |
Retained Earnings | 571 | 1,005 |