Bank Forward
Hannaford, ND — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bank Forward | All Insured Commercial Banks in North Dakota |
Interest and Fees on Loans | 21,423 | 7,878 |
Income from Lease Financing Receivables | 25 | 41 |
50 | 62 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 26 | 32 |
Income on Loans and Leases (TE) | 21,474 | 8,071 |
Investment Interest Income (TE) | 783 | 1,178 |
Total Interest Income (TE) | 22,537 | 9,503 |
Total Interest Expense | 2,401 | 749 |
Net Interest Income (TE) | 20,136 | 8,704 |
Non-Interest Income | 12,889 | 1,682 |
Adjusted Operating Income (TE) | 33,025 | 10,383 |
Non-interest Expense | 24,723 | 6,115 |
Provision for Loan & Lease Losses | 274 | 424 |
Pretax Operating Income (TE) | 8,028 | 3,789 |
Pretax Net Operating Income (TE) | 8,028 | 3,895 |
Applicable Income Taxes | 2 | 324 |
Net Operating Income | 7,809 | 3,002 |
Net Income | 7,809 | 3,002 |
Cash Dividends Declared | 6,800 | 1,740 |
Retained Earnings | 1,009 | 1,178 |