Net Income Analysis ( % relative to Total Revenue )
Income Statement Farmers State Bank Of Watkins All Insured Commercial Banks in Minnesota
Interest and Fees on Loans 1,227 4,864
Income from Lease Financing Receivables — 12
4 40
Estimated Tax Benefit from Tax-Exempt Loan Income 2 20
Income on Loans and Leases (TE) 1,229 4,921
Investment Interest Income (TE) 377 592
Total Interest Income (TE) 1,609 5,709
Total Interest Expense 107 508
Net Interest Income (TE) 1,502 5,181
Non-Interest Income 242 905
Adjusted Operating Income (TE) 1,744 6,155
Non-interest Expense 1,135 4,018
Provision for Loan & Lease Losses 38 126
Pretax Operating Income (TE) 571 1,907
Pretax Net Operating Income (TE) 580 1,940
Applicable Income Taxes — 97
Net Operating Income 528 1,682
Net Income 528 1,683
Cash Dividends Declared 481 1,029
Retained Earnings 47 636