Net Income Analysis ( % relative to Total Revenue )
Income Statement Union State Bank All Insured Commercial Banks in Iowa
Interest and Fees on Loans 1,053 5,072
Income from Lease Financing Receivables — 1
— 51
Estimated Tax Benefit from Tax-Exempt Loan Income — 24
Income on Loans and Leases (TE) 1,053 5,106
Investment Interest Income (TE) 316 1,253
Total Interest Income (TE) 1,376 6,492
Total Interest Expense 171 1,414
Net Interest Income (TE) 1,205 5,063
Non-Interest Income 284 900
Adjusted Operating Income (TE) 1,489 5,989
Non-interest Expense 893 3,552
Provision for Loan & Lease Losses — 305
Pretax Operating Income (TE) 596 2,011
Pretax Net Operating Income (TE) 617 2,091
Applicable Income Taxes 26 212
Net Operating Income 559 1,601
Net Income 559 1,601
Cash Dividends Declared 326 830
Retained Earnings 233 717