Net Income Analysis ( % relative to Total Revenue )
Income Statement Valley Bank & Trust All Insured Commercial Banks in Iowa
Interest and Fees on Loans 1,340 4,429
Income from Lease Financing Receivables — 0
27 34
Estimated Tax Benefit from Tax-Exempt Loan Income 14 17
Income on Loans and Leases (TE) 1,354 4,453
Investment Interest Income (TE) 354 866
Total Interest Income (TE) 1,837 5,468
Total Interest Expense 102 664
Net Interest Income (TE) 1,735 4,793
Non-Interest Income 204 841
Adjusted Operating Income (TE) 1,939 5,647
Non-interest Expense 1,104 3,272
Provision for Loan & Lease Losses 414 145
Pretax Operating Income (TE) 421 2,141
Pretax Net Operating Income (TE) 376 2,209
Applicable Income Taxes 12 236
Net Operating Income 301 1,719
Net Income 301 1,719
Cash Dividends Declared — 808
Retained Earnings 301 862