Net Income Analysis ( % relative to Total Revenue )
Income Statement The Garnavillo Savings Bank All Insured Commercial Banks in Iowa
Interest and Fees on Loans 1,423 4,161
Income from Lease Financing Receivables — 1
10 32
Estimated Tax Benefit from Tax-Exempt Loan Income 5 16
Income on Loans and Leases (TE) 1,428 4,186
Investment Interest Income (TE) 82 898
Total Interest Income (TE) 1,512 5,214
Total Interest Expense 186 626
Net Interest Income (TE) 1,326 4,571
Non-Interest Income 85 811
Adjusted Operating Income (TE) 1,411 5,410
Non-interest Expense 918 3,152
Provision for Loan & Lease Losses 229 130
Pretax Operating Income (TE) 264 2,066
Pretax Net Operating Income (TE) 302 2,118
Applicable Income Taxes 14 224
Net Operating Income 257 1,639
Net Income 257 1,639
Cash Dividends Declared 1,717 737
Retained Earnings -1,460 834