Net Income Analysis ( % relative to Total Revenue )
Income Statement Houghton State Bank All Insured Commercial Banks in Iowa
Interest and Fees on Loans 5,021 6,128
Income from Lease Financing Receivables — 1
48 47
Estimated Tax Benefit from Tax-Exempt Loan Income 25 23
Income on Loans and Leases (TE) 5,046 6,162
Investment Interest Income (TE) 394 1,177
Total Interest Income (TE) 5,684 7,538
Total Interest Expense 204 925
Net Interest Income (TE) 5,480 6,587
Non-Interest Income 690 1,176
Adjusted Operating Income (TE) 6,170 7,798
Non-interest Expense 3,598 4,586
Provision for Loan & Lease Losses 45 208
Pretax Operating Income (TE) 2,527 2,901
Pretax Net Operating Income (TE) 2,527 2,963
Applicable Income Taxes 888 312
Net Operating Income 1,585 2,310
Net Income 1,585 2,310
Cash Dividends Declared 559 1,248
Retained Earnings 1,026 1,005