Anchor Bank Farmington, National Association
Farmington, MN — Domestic Branch of a Domestic Bank
Acquired Nov 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Anchor Bank Farmington, National Association | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 5,022 | 4,047 |
Income from Lease Financing Receivables | — | 1,548 |
89 | 119 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 60 |
Income on Loans and Leases (TE) | 5,022 | 4,094 |
Investment Interest Income (TE) | 203 | 606 |
Total Interest Income (TE) | 5,292 | 4,832 |
Total Interest Expense | 1,697 | 1,868 |
Net Interest Income (TE) | 3,595 | 2,942 |
Non-Interest Income | 1,362 | 507 |
Adjusted Operating Income (TE) | 4,957 | 3,484 |
Non-interest Expense | 4,455 | 2,306 |
Provision for Loan & Lease Losses | 1,566 | 1,131 |
Pretax Operating Income (TE) | — | 1,929 |
Pretax Net Operating Income (TE) | — | 1,938 |
Applicable Income Taxes | — | 561 |
Net Operating Income | — | 1,489 |
Net Income | — | 1,489 |
Cash Dividends Declared | — | 1,494 |
Retained Earnings | — | 665 |