Net Income Analysis ( % relative to Total Revenue )
Net Income 1,158,000186.47%Net Operating Income89,00014.33%Total Operating Income569,00091.63%Non-Interest Income569,00091.63%Total Operating Expenses480,00077.29%Total Interest Expense430,00069.24%Provision for Loan & Lease Losses50,0008.05%Realized Gains on Securities52,0008.37%Applicable Income Taxes593,00095.49%,,,
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Income Statement Mount Vernon Bank And Trust Company All Insured Commercial Banks in Iowa
Interest and Fees on Loans 3,557 6,128
Income from Lease Financing Receivables — 1
— 47
Estimated Tax Benefit from Tax-Exempt Loan Income — 23
Income on Loans and Leases (TE) 3,557 6,162
Investment Interest Income (TE) 442 1,177
Total Interest Income (TE) 4,074 7,538
Total Interest Expense 430 925
Net Interest Income (TE) 3,644 6,587
Non-Interest Income 569 1,176
Adjusted Operating Income (TE) 4,213 7,798
Non-interest Expense 2,388 4,586
Provision for Loan & Lease Losses 50 208
Pretax Operating Income (TE) 1,775 2,901
Pretax Net Operating Income (TE) 1,827 2,963
Applicable Income Taxes 593 312
Net Operating Income 1,158 2,310
Net Income 1,158 2,310
Cash Dividends Declared 434 1,248
Retained Earnings 724 1,005