The Garnavillo Savings Bank
Garnavillo, IA — Domestic Branch of a Domestic Bank
Acquired Oct 2015
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 |