Valley State Bank
Eldridge, IA — Non-member Bank
Acquired Jun 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Valley State Bank | All Insured Commercial Banks in Iowa |
Interest and Fees on Loans | 3,424 | 1,220 |
Income from Lease Financing Receivables | — | 0 |
— | 10 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 5 |
Income on Loans and Leases (TE) | 3,424 | 1,227 |
Investment Interest Income (TE) | 703 | 312 |
Total Interest Income (TE) | 4,159 | 1,580 |
Total Interest Expense | 1,300 | 207 |
Net Interest Income (TE) | 2,859 | 1,368 |
Non-Interest Income | 3,653 | 233 |
Adjusted Operating Income (TE) | 6,512 | 1,606 |
Non-interest Expense | 5,191 | 966 |
Provision for Loan & Lease Losses | 5,765 | 30 |
Pretax Operating Income (TE) | -4,444 | 593 |
Pretax Net Operating Income (TE) | -4,418 | 600 |
Applicable Income Taxes | — | 59 |
Net Operating Income | -4,418 | 462 |
Net Income | -4,418 | 462 |
Cash Dividends Declared | — | 178 |
Retained Earnings | -4,418 | 270 |