State Bank
Worthington, IA — Domestic Branch of a Domestic Bank
Acquired Oct 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | State Bank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 2,257 | 3,989 |
Income from Lease Financing Receivables | — | 250 |
— | 83 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 41 |
Income on Loans and Leases (TE) | 2,257 | 4,014 |
Investment Interest Income (TE) | 55 | 955 |
Total Interest Income (TE) | 2,359 | 5,004 |
Total Interest Expense | 969 | 2,110 |
Net Interest Income (TE) | 1,390 | 2,883 |
Non-Interest Income | 129 | 539 |
Adjusted Operating Income (TE) | 1,519 | 3,428 |
Non-interest Expense | 973 | 2,046 |
Provision for Loan & Lease Losses | 20 | 609 |
Pretax Operating Income (TE) | 526 | 1,709 |
Pretax Net Operating Income (TE) | 526 | 1,690 |
Applicable Income Taxes | 177 | 246 |
Net Operating Income | 336 | 1,281 |
Net Income | 336 | 1,280 |
Cash Dividends Declared | 120 | 937 |
Retained Earnings | 216 | 694 |