Net Income Analysis ( % relative to Total Revenue )
Income Statement Alerus Financial, National Association All Insured Commercial Banks in North Dakota
Interest and Fees on Loans 63,490 7,878
Income from Lease Financing Receivables 52 41
23 62
Estimated Tax Benefit from Tax-Exempt Loan Income 12 32
Income on Loans and Leases (TE) 63,554 8,071
Investment Interest Income (TE) 6,195 1,178
Total Interest Income (TE) 70,429 9,503
Total Interest Expense 3,560 749
Net Interest Income (TE) 66,869 8,704
Non-Interest Income 105,153 1,682
Adjusted Operating Income (TE) 172,022 10,383
Non-interest Expense 141,441 6,115
Provision for Loan & Lease Losses 3,060 424
Pretax Operating Income (TE) 27,521 3,789
Pretax Net Operating Income (TE) 27,497 3,895
Applicable Income Taxes 8,911 324
Net Operating Income 17,997 3,002
Net Income 17,997 3,002
Cash Dividends Declared 10,150 1,740
Retained Earnings 7,847 1,178