Net Income Analysis ( % relative to Total Revenue )
Income Statement Heritage Bank, National Association All Insured Commercial Banks in Iowa
Interest and Fees on Loans 3,247 2,472
Income from Lease Financing Receivables — 0
9 25
Estimated Tax Benefit from Tax-Exempt Loan Income 4 11
Income on Loans and Leases (TE) 3,251 2,490
Investment Interest Income (TE) 277 611
Total Interest Income (TE) 3,559 3,166
Total Interest Expense 602 724
Net Interest Income (TE) 2,957 2,434
Non-Interest Income 762 401
Adjusted Operating Income (TE) 3,719 2,844
Non-interest Expense 2,757 1,724
Provision for Loan & Lease Losses 400 140
Pretax Operating Income (TE) 562 950
Pretax Net Operating Income (TE) 562 974
Applicable Income Taxes 28 99
Net Operating Income 530 746
Net Income 530 746
Cash Dividends Declared 200 346
Retained Earnings 330 358