Net Income Analysis ( % relative to Total Revenue )
Income Statement Heritage Bank All Insured Commercial Banks in Iowa
Interest and Fees on Loans 978 6,128
Income from Lease Financing Receivables — 1
27 47
Estimated Tax Benefit from Tax-Exempt Loan Income 1 23
Income on Loans and Leases (TE) 979 6,162
Investment Interest Income (TE) 418 1,177
Total Interest Income (TE) 1,400 7,538
Total Interest Expense 208 925
Net Interest Income (TE) 1,192 6,587
Non-Interest Income 153 1,176
Adjusted Operating Income (TE) 1,345 7,798
Non-interest Expense 1,320 4,586
Provision for Loan & Lease Losses 18 208
Pretax Operating Income (TE) 7 2,901
Pretax Net Operating Income (TE) 36 2,963
Applicable Income Taxes 6 312
Net Operating Income 25 2,310
Net Income 25 2,310
Cash Dividends Declared — 1,248
Retained Earnings 25 1,005