The Emmet County State Bank
Estherville, IA — Domestic Branch of a Domestic Bank
Acquired Dec 2012
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | The Emmet County State Bank | All Insured Commercial Banks in Iowa |
| Interest and Fees on Loans | 1,606 | 3,713 |
| Income from Lease Financing Receivables | — | 1 |
| 5 | 34 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 3 | 16 |
| Income on Loans and Leases (TE) | 1,609 | 3,738 |
| Investment Interest Income (TE) | 196 | 918 |
| Total Interest Income (TE) | 1,870 | 4,749 |
| Total Interest Expense | 180 | 860 |
| Net Interest Income (TE) | 1,690 | 3,875 |
| Non-Interest Income | 121 | 735 |
| Adjusted Operating Income (TE) | 1,811 | 4,630 |
| Non-interest Expense | 1,406 | 2,679 |
| Provision for Loan & Lease Losses | — | 147 |
| Pretax Operating Income (TE) | 405 | 1,722 |
| Pretax Net Operating Income (TE) | 405 | 1,801 |
| Applicable Income Taxes | 20 | 191 |
| Net Operating Income | 382 | 1,387 |
| Net Income | 382 | 1,387 |
| Cash Dividends Declared | 200 | 581 |
| Retained Earnings | 182 | 779 |