Midwestone Bank
Oskaloosa, IA — Domestic Branch of a Domestic Bank
Acquired Aug 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Midwestone Bank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 23,733 | 2,661 |
Income from Lease Financing Receivables | — | 171 |
137 | 56 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 65 | 27 |
Income on Loans and Leases (TE) | 23,798 | 2,678 |
Investment Interest Income (TE) | 2,004 | 639 |
Total Interest Income (TE) | 25,986 | 3,335 |
Total Interest Expense | 11,658 | 1,451 |
Net Interest Income (TE) | 14,328 | 1,877 |
Non-Interest Income | 2,423 | 353 |
Adjusted Operating Income (TE) | 16,751 | 2,233 |
Non-interest Expense | 9,261 | 1,350 |
Provision for Loan & Lease Losses | 1,901 | 416 |
Pretax Operating Income (TE) | 5,589 | 1,101 |
Pretax Net Operating Income (TE) | 5,589 | 1,023 |
Applicable Income Taxes | 1,659 | 168 |
Net Operating Income | 3,546 | 775 |
Net Income | 3,546 | 773 |
Cash Dividends Declared | 2,200 | 680 |
Retained Earnings | 1,346 | 477 |