Choice Financial Group
Fargo, ND — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Choice Financial Group | All Insured Commercial Banks in North Dakota |
Interest and Fees on Loans | 48,569 | 7,878 |
Income from Lease Financing Receivables | 1,094 | 41 |
342 | 62 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 184 | 32 |
Income on Loans and Leases (TE) | 49,847 | 8,071 |
Investment Interest Income (TE) | 2,345 | 1,178 |
Total Interest Income (TE) | 52,283 | 9,503 |
Total Interest Expense | 4,053 | 749 |
Net Interest Income (TE) | 48,230 | 8,704 |
Non-Interest Income | 12,806 | 1,682 |
Adjusted Operating Income (TE) | 61,036 | 10,383 |
Non-interest Expense | 33,801 | 6,115 |
Provision for Loan & Lease Losses | 325 | 424 |
Pretax Operating Income (TE) | 26,910 | 3,789 |
Pretax Net Operating Income (TE) | 26,911 | 3,895 |
Applicable Income Taxes | — | 324 |
Net Operating Income | 26,314 | 3,002 |
Net Income | 26,314 | 3,002 |
Cash Dividends Declared | 16,151 | 1,740 |
Retained Earnings | 10,163 | 1,178 |