Bremer Bank, National Association
Brainerd, 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 | 9,104 | 3,356 |
Income from Lease Financing Receivables | — | 6 |
553 | 31 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 283 | 15 |
Income on Loans and Leases (TE) | 9,387 | 3,398 |
Investment Interest Income (TE) | 1,976 | 500 |
Total Interest Income (TE) | 11,408 | 4,008 |
Total Interest Expense | 631 | 383 |
Net Interest Income (TE) | 10,777 | 3,606 |
Non-Interest Income | 2,408 | 629 |
Adjusted Operating Income (TE) | 13,185 | 4,271 |
Non-interest Expense | 7,485 | 2,845 |
Provision for Loan & Lease Losses | — | 60 |
Pretax Operating Income (TE) | 5,700 | 1,312 |
Pretax Net Operating Income (TE) | 5,765 | 1,329 |
Applicable Income Taxes | 1,589 | 64 |
Net Operating Income | 3,733 | 1,143 |
Net Income | 3,733 | 1,154 |
Cash Dividends Declared | 1,500 | 612 |
Retained Earnings | 2,233 | 461 |