Beacon Bank
Shorewood, MN — Domestic Branch of a Domestic Bank
Acquired Jan 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Beacon Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 11,125 | 4,535 |
Income from Lease Financing Receivables | 80 | 10 |
115 | 36 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 59 | 18 |
Income on Loans and Leases (TE) | 11,264 | 4,587 |
Investment Interest Income (TE) | 2,203 | 592 |
Total Interest Income (TE) | 13,495 | 5,345 |
Total Interest Expense | 977 | 480 |
Net Interest Income (TE) | 12,518 | 4,837 |
Non-Interest Income | 1,418 | 833 |
Adjusted Operating Income (TE) | 13,936 | 5,721 |
Non-interest Expense | 9,486 | 3,770 |
Provision for Loan & Lease Losses | -273 | 109 |
Pretax Operating Income (TE) | 4,723 | 1,797 |
Pretax Net Operating Income (TE) | 4,756 | 1,822 |
Applicable Income Taxes | — | 94 |
Net Operating Income | 4,631 | 1,586 |
Net Income | 4,631 | 1,588 |
Cash Dividends Declared | 3,963 | 868 |
Retained Earnings | 668 | 633 |