Net Income Analysis ( % relative to Total Revenue )
Income Statement Farmers State Bank All Insured Commercial Banks in South Dakota
Interest and Fees on Loans 3,634 11,165
Income from Lease Financing Receivables — 9
126 69
Estimated Tax Benefit from Tax-Exempt Loan Income 65 36
Income on Loans and Leases (TE) 3,699 11,237
Investment Interest Income (TE) 20 1,143
Total Interest Income (TE) 3,750 12,568
Total Interest Expense 326 1,156
Net Interest Income (TE) 3,424 11,412
Non-Interest Income 263 3,519
Adjusted Operating Income (TE) 3,687 15,007
Non-interest Expense 2,449 9,017
Provision for Loan & Lease Losses — 665
Pretax Operating Income (TE) 1,238 4,931
Pretax Net Operating Income (TE) 1,238 4,991
Applicable Income Taxes -27 989
Net Operating Income 1,196 3,749
Net Income 1,196 3,749
Cash Dividends Declared 625 1,737
Retained Earnings 571 1,960