Bremer Bank, National Association
Saint Cloud, 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 | 17,828 | 3,356 |
Income from Lease Financing Receivables | — | 6 |
880 | 31 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 472 | 15 |
Income on Loans and Leases (TE) | 18,300 | 3,398 |
Investment Interest Income (TE) | 2,480 | 500 |
Total Interest Income (TE) | 20,871 | 4,008 |
Total Interest Expense | 1,079 | 383 |
Net Interest Income (TE) | 19,792 | 3,606 |
Non-Interest Income | 4,768 | 629 |
Adjusted Operating Income (TE) | 24,560 | 4,271 |
Non-interest Expense | 13,402 | 2,845 |
Provision for Loan & Lease Losses | 450 | 60 |
Pretax Operating Income (TE) | 10,708 | 1,312 |
Pretax Net Operating Income (TE) | 10,708 | 1,329 |
Applicable Income Taxes | 3,252 | 64 |
Net Operating Income | 6,681 | 1,143 |
Net Income | 6,681 | 1,154 |
Cash Dividends Declared | 2,000 | 612 |
Retained Earnings | 4,681 | 461 |