Bank Of Elmwood
Racine, WI — State Member Bank
Acquired Oct 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bank Of Elmwood | All Insured Commercial Banks in Wisconsin |
Interest and Fees on Loans | 12,284 | 6,717 |
Income from Lease Financing Receivables | — | 2,034 |
— | 131 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 65 |
Income on Loans and Leases (TE) | 12,284 | 6,749 |
Investment Interest Income (TE) | 664 | 1,136 |
Total Interest Income (TE) | 12,992 | 7,792 |
Total Interest Expense | 6,106 | 2,812 |
Net Interest Income (TE) | 6,886 | 4,940 |
Non-Interest Income | 521 | 1,122 |
Adjusted Operating Income (TE) | 7,407 | 6,014 |
Non-interest Expense | 9,588 | 3,824 |
Provision for Loan & Lease Losses | 2,345 | 10,185 |
Pretax Operating Income (TE) | — | 2,227 |
Pretax Net Operating Income (TE) | — | 2,290 |
Applicable Income Taxes | — | 445 |
Net Operating Income | — | 1,778 |
Net Income | — | 1,778 |
Cash Dividends Declared | — | 895 |
Retained Earnings | — | 1,255 |