Bankfirst
Sioux Falls, SD — State Member Bank
Acquired Jul 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bankfirst | All Insured Commercial Banks in South Dakota |
Interest and Fees on Loans | 3,740 | 4,365 |
Income from Lease Financing Receivables | 81 | 16,885 |
— | 553 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 324 |
Income on Loans and Leases (TE) | 3,821 | 4,399 |
Investment Interest Income (TE) | 437 | 757 |
Total Interest Income (TE) | 4,249 | 5,141 |
Total Interest Expense | 3,182 | 1,594 |
Net Interest Income (TE) | 1,067 | 3,474 |
Non-Interest Income | — | 7,731 |
Adjusted Operating Income (TE) | — | 6,515 |
Non-interest Expense | 11,220 | 3,257 |
Provision for Loan & Lease Losses | 31,499 | 110,276 |
Pretax Operating Income (TE) | — | 97,247 |
Pretax Net Operating Income (TE) | — | 86,176 |
Applicable Income Taxes | — | 32,386 |
Net Operating Income | — | 54,732 |
Net Income | — | 53,022 |
Cash Dividends Declared | — | 13,117 |
Retained Earnings | — | 52,860 |