Bremer Bank, National Association
Willmar, MN — Domestic Branch of a Domestic Bank
Acquired Oct 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bremer Bank, National Association | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 19,552 | 3,356 |
Income from Lease Financing Receivables | — | 6 |
470 | 31 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 252 | 15 |
Income on Loans and Leases (TE) | 19,804 | 3,398 |
Investment Interest Income (TE) | 2,845 | 500 |
Total Interest Income (TE) | 22,772 | 4,008 |
Total Interest Expense | 905 | 383 |
Net Interest Income (TE) | 21,867 | 3,606 |
Non-Interest Income | 5,161 | 629 |
Adjusted Operating Income (TE) | 27,028 | 4,271 |
Non-interest Expense | 15,252 | 2,845 |
Provision for Loan & Lease Losses | 1,875 | 60 |
Pretax Operating Income (TE) | 9,901 | 1,312 |
Pretax Net Operating Income (TE) | 10,155 | 1,329 |
Applicable Income Taxes | 3,204 | 64 |
Net Operating Income | 6,348 | 1,143 |
Net Income | 6,348 | 1,154 |
Cash Dividends Declared | — | 612 |
Retained Earnings | 6,348 | 461 |