Ellsworth State Bank
Ellsworth, MN — Domestic Branch of a Domestic Bank
Acquired May 2004
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Ellsworth State Bank | All Insured Commercial Banks in Minnesota |
| Interest and Fees on Loans | 151 | 875 |
| Income from Lease Financing Receivables | — | 257 |
| — | 26 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 13 |
| Income on Loans and Leases (TE) | 151 | 888 |
| Investment Interest Income (TE) | 113 | 168 |
| Total Interest Income (TE) | 283 | 1,063 |
| Total Interest Expense | 121 | 265 |
| Net Interest Income (TE) | 162 | 794 |
| Non-Interest Income | 14 | 138 |
| Adjusted Operating Income (TE) | 176 | 938 |
| Non-interest Expense | 117 | 576 |
| Provision for Loan & Lease Losses | 86 | 66 |
| Pretax Operating Income (TE) | — | 670 |
| Pretax Net Operating Income (TE) | — | 715 |
| Applicable Income Taxes | — | 263 |
| Net Operating Income | — | 541 |
| Net Income | — | 540 |
| Cash Dividends Declared | — | 552 |
| Retained Earnings | — | 498 |