River Valley Financial Bank
Madison, IN — Domestic Branch of a Domestic Bank
Acquired Mar 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | River Valley Financial Bank | All Insured Savings Banks in Indiana |
Interest and Fees on Loans | 17,391 | 5,978 |
Income from Lease Financing Receivables | — | 20 |
602 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 308 | 15 |
Income on Loans and Leases (TE) | 17,699 | 6,037 |
Investment Interest Income (TE) | 3,986 | 1,266 |
Total Interest Income (TE) | 21,885 | 7,425 |
Total Interest Expense | 3,076 | 855 |
Net Interest Income (TE) | 18,809 | 6,551 |
Non-Interest Income | 4,117 | 2,275 |
Adjusted Operating Income (TE) | 22,926 | 9,090 |
Non-interest Expense | 14,558 | 6,762 |
Provision for Loan & Lease Losses | 302 | 135 |
Pretax Operating Income (TE) | 8,066 | 2,209 |
Pretax Net Operating Income (TE) | 8,208 | 2,212 |
Applicable Income Taxes | 1,735 | 496 |
Net Operating Income | 5,375 | 1,466 |
Net Income | 5,375 | 1,465 |
Cash Dividends Declared | — | 761 |
Retained Earnings | 5,375 | 674 |