Bremer Bank, National Association
Grand Forks, 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 | 25,924 | 5,127 |
Income from Lease Financing Receivables | 2 | 29 |
841 | 58 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 450 | 30 |
Income on Loans and Leases (TE) | 26,376 | 5,279 |
Investment Interest Income (TE) | 3,013 | 841 |
Total Interest Income (TE) | 29,534 | 6,278 |
Total Interest Expense | 1,784 | 520 |
Net Interest Income (TE) | 27,750 | 5,732 |
Non-Interest Income | 4,112 | 1,031 |
Adjusted Operating Income (TE) | 31,862 | 6,835 |
Non-interest Expense | 16,864 | 3,890 |
Provision for Loan & Lease Losses | 1,725 | 93 |
Pretax Operating Income (TE) | 13,273 | 2,865 |
Pretax Net Operating Income (TE) | 13,273 | 2,882 |
Applicable Income Taxes | 4,028 | 245 |
Net Operating Income | 8,492 | 2,325 |
Net Income | 8,492 | 2,325 |
Cash Dividends Declared | — | 842 |
Retained Earnings | 8,492 | 1,293 |