The First State Bank
Conrad, IA — Domestic Branch of a Domestic Bank
Acquired Aug 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The First State Bank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 2,342 | 2,661 |
Income from Lease Financing Receivables | — | 171 |
56 | 56 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 25 | 27 |
Income on Loans and Leases (TE) | 2,367 | 2,678 |
Investment Interest Income (TE) | 754 | 639 |
Total Interest Income (TE) | 3,181 | 3,335 |
Total Interest Expense | 1,403 | 1,451 |
Net Interest Income (TE) | 1,778 | 1,877 |
Non-Interest Income | 475 | 353 |
Adjusted Operating Income (TE) | 2,253 | 2,233 |
Non-interest Expense | 1,415 | 1,350 |
Provision for Loan & Lease Losses | 20 | 416 |
Pretax Operating Income (TE) | 818 | 1,101 |
Pretax Net Operating Income (TE) | 818 | 1,023 |
Applicable Income Taxes | 140 | 168 |
Net Operating Income | 517 | 775 |
Net Income | 517 | 773 |
Cash Dividends Declared | 500 | 680 |
Retained Earnings | 17 | 477 |