Bremer Bank, National Association
Fargo, ND — 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 North Dakota |
Interest and Fees on Loans | 44,685 | 5,127 |
Income from Lease Financing Receivables | — | 29 |
1,651 | 58 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 880 | 30 |
Income on Loans and Leases (TE) | 45,565 | 5,279 |
Investment Interest Income (TE) | 5,371 | 841 |
Total Interest Income (TE) | 51,136 | 6,278 |
Total Interest Expense | 4,630 | 520 |
Net Interest Income (TE) | 46,506 | 5,732 |
Non-Interest Income | 7,300 | 1,031 |
Adjusted Operating Income (TE) | 53,806 | 6,835 |
Non-interest Expense | 31,350 | 3,890 |
Provision for Loan & Lease Losses | 585 | 93 |
Pretax Operating Income (TE) | 21,871 | 2,865 |
Pretax Net Operating Income (TE) | 22,326 | 2,882 |
Applicable Income Taxes | 6,488 | 245 |
Net Operating Income | 14,246 | 2,325 |
Net Income | 14,246 | 2,325 |
Cash Dividends Declared | 5,000 | 842 |
Retained Earnings | 9,246 | 1,293 |