Tower Bank & Trust Company
Fort Wayne, IN — Domestic Branch of a Domestic Bank
Acquired Apr 2014
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Tower Bank & Trust Company | All Insured Commercial Banks in Indiana |
| Interest and Fees on Loans | 4,588 | 3,455 |
| Income from Lease Financing Receivables | 4 | 12 |
| — | 21 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 11 |
| Income on Loans and Leases (TE) | 4,592 | 3,510 |
| Investment Interest Income (TE) | 1,341 | 668 |
| Total Interest Income (TE) | 5,992 | 4,303 |
| Total Interest Expense | 548 | 440 |
| Net Interest Income (TE) | 5,444 | 3,860 |
| Non-Interest Income | 2,393 | 1,008 |
| Adjusted Operating Income (TE) | 7,837 | 4,875 |
| Non-interest Expense | 4,593 | 3,178 |
| Provision for Loan & Lease Losses | -875 | 83 |
| Pretax Operating Income (TE) | 4,119 | 1,550 |
| Pretax Net Operating Income (TE) | 4,096 | 1,625 |
| Applicable Income Taxes | 830 | 414 |
| Net Operating Income | 2,868 | 1,049 |
| Net Income | 2,868 | 1,049 |
| Cash Dividends Declared | — | 442 |
| Retained Earnings | 2,868 | 508 |