Community Bank Of The Red River Valley
East Grand Forks, MN — Domestic Branch of a Domestic Bank
Acquired Oct 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Community Bank Of The Red River Valley | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 9,628 | 3,738 |
Income from Lease Financing Receivables | — | 336 |
55 | 135 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 28 | 63 |
Income on Loans and Leases (TE) | 9,656 | 3,783 |
Investment Interest Income (TE) | 727 | 547 |
Total Interest Income (TE) | 10,452 | 4,415 |
Total Interest Expense | 2,410 | 1,420 |
Net Interest Income (TE) | 8,042 | 2,975 |
Non-Interest Income | 2,106 | 627 |
Adjusted Operating Income (TE) | 10,148 | 3,531 |
Non-interest Expense | 6,514 | 2,458 |
Provision for Loan & Lease Losses | 430 | 1,345 |
Pretax Operating Income (TE) | 3,204 | 1,164 |
Pretax Net Operating Income (TE) | 3,204 | 1,214 |
Applicable Income Taxes | 20 | 190 |
Net Operating Income | 3,062 | 997 |
Net Income | 3,062 | 997 |
Cash Dividends Declared | 3,508 | 832 |
Retained Earnings | — | 591 |