Net Income Analysis ( % relative to Total Revenue )
Income Statement Farmers State Bank All Insured Commercial Banks in North Dakota
Interest and Fees on Loans 1,522 4,259
Income from Lease Financing Receivables — 468
— 96
Estimated Tax Benefit from Tax-Exempt Loan Income — 42
Income on Loans and Leases (TE) 1,522 4,460
Investment Interest Income (TE) 356 847
Total Interest Income (TE) 1,902 5,383
Total Interest Expense 699 1,709
Net Interest Income (TE) 1,203 3,674
Non-Interest Income 120 630
Adjusted Operating Income (TE) 1,323 4,335
Non-interest Expense 586 2,616
Provision for Loan & Lease Losses 215 813
Pretax Operating Income (TE) 522 1,810
Pretax Net Operating Income (TE) 499 1,809
Applicable Income Taxes 23 356
Net Operating Income 439 1,343
Net Income 439 1,343
Cash Dividends Declared 400 1,518
Retained Earnings 39 1,617