Bremer Bank, National Association
Alexandria, 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 | 14,253 | 3,356 |
Income from Lease Financing Receivables | — | 6 |
1,186 | 31 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 606 | 15 |
Income on Loans and Leases (TE) | 14,859 | 3,398 |
Investment Interest Income (TE) | 3,099 | 500 |
Total Interest Income (TE) | 18,034 | 4,008 |
Total Interest Expense | 996 | 383 |
Net Interest Income (TE) | 17,038 | 3,606 |
Non-Interest Income | 5,222 | 629 |
Adjusted Operating Income (TE) | 22,260 | 4,271 |
Non-interest Expense | 14,315 | 2,845 |
Provision for Loan & Lease Losses | 167 | 60 |
Pretax Operating Income (TE) | 7,778 | 1,312 |
Pretax Net Operating Income (TE) | 8,190 | 1,329 |
Applicable Income Taxes | 2,210 | 64 |
Net Operating Income | 5,265 | 1,143 |
Net Income | 5,265 | 1,154 |
Cash Dividends Declared | 2,000 | 612 |
Retained Earnings | 3,265 | 461 |