Net Income Analysis ( % relative to Total Revenue )
Income Statement Citizens Bank & Trust Co. All Insured Commercial Banks in Minnesota
Interest and Fees on Loans 6,331 4,864
Income from Lease Financing Receivables 35 12
35 40
Estimated Tax Benefit from Tax-Exempt Loan Income 18 20
Income on Loans and Leases (TE) 6,384 4,921
Investment Interest Income (TE) 1,426 592
Total Interest Income (TE) 7,876 5,709
Total Interest Expense 280 508
Net Interest Income (TE) 7,596 5,181
Non-Interest Income 435 905
Adjusted Operating Income (TE) 8,031 6,155
Non-interest Expense 4,260 4,018
Provision for Loan & Lease Losses 240 126
Pretax Operating Income (TE) 3,531 1,907
Pretax Net Operating Income (TE) 3,503 1,940
Applicable Income Taxes 4 97
Net Operating Income 3,481 1,682
Net Income 3,481 1,683
Cash Dividends Declared 3,045 1,029
Retained Earnings 436 636