First Community Bank
Savage, MN — Domestic Branch of a Domestic Bank
Acquired Mar 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Community Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 6,653 | 5,853 |
Income from Lease Financing Receivables | — | 1,630 |
160 | 154 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 30 | 66 |
Income on Loans and Leases (TE) | 6,683 | 5,907 |
Investment Interest Income (TE) | 983 | 800 |
Total Interest Income (TE) | 7,869 | 6,931 |
Total Interest Expense | 2,996 | 2,967 |
Net Interest Income (TE) | 4,873 | 3,952 |
Non-Interest Income | 455 | 647 |
Adjusted Operating Income (TE) | 5,328 | 4,625 |
Non-interest Expense | 2,982 | 2,950 |
Provision for Loan & Lease Losses | 110 | 1,105 |
Pretax Operating Income (TE) | 2,236 | 4,528 |
Pretax Net Operating Income (TE) | 2,237 | 4,567 |
Applicable Income Taxes | 3 | 1,769 |
Net Operating Income | 2,155 | 3,422 |
Net Income | 2,155 | 3,422 |
Cash Dividends Declared | 1,680 | 2,541 |
Retained Earnings | 475 | 1,550 |