Security State Bank
Hubbard, IA — Domestic Branch of a Domestic Bank
Acquired Aug 2013
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Security State Bank | All Insured Commercial Banks in Iowa |
| Interest and Fees on Loans | 770 | 2,374 |
| Income from Lease Financing Receivables | — | 0 |
| — | 22 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 10 |
| Income on Loans and Leases (TE) | 770 | 2,388 |
| Investment Interest Income (TE) | 19 | 596 |
| Total Interest Income (TE) | 819 | 3,054 |
| Total Interest Expense | 137 | 468 |
| Net Interest Income (TE) | 682 | 2,574 |
| Non-Interest Income | 6 | 511 |
| Adjusted Operating Income (TE) | 688 | 3,096 |
| Non-interest Expense | 644 | 1,841 |
| Provision for Loan & Lease Losses | 197 | 66 |
| Pretax Operating Income (TE) | -153 | 1,143 |
| Pretax Net Operating Income (TE) | -153 | 1,178 |
| Applicable Income Taxes | 2 | 125 |
| Net Operating Income | -155 | 899 |
| Net Income | -155 | 900 |
| Cash Dividends Declared | — | 422 |
| Retained Earnings | -155 | 436 |