Net Income Analysis ( % relative to Total Revenue )
Income Statement Farmers State Bank Of Elkton All Insured Commercial Banks in Minnesota
Interest and Fees on Loans 1,350 4,382
Income from Lease Financing Receivables — 8
— 42
Estimated Tax Benefit from Tax-Exempt Loan Income — 20
Income on Loans and Leases (TE) 1,350 4,439
Investment Interest Income (TE) 537 597
Total Interest Income (TE) 1,959 5,176
Total Interest Expense 240 580
Net Interest Income (TE) 1,719 4,573
Non-Interest Income 76 780
Adjusted Operating Income (TE) 1,795 5,405
Non-interest Expense 951 3,697
Provision for Loan & Lease Losses 115 110
Pretax Operating Income (TE) 729 1,518
Pretax Net Operating Income (TE) 701 1,545
Applicable Income Taxes — 75
Net Operating Income 604 1,303
Net Income 604 1,303
Cash Dividends Declared 488 672
Retained Earnings 116 519