First Farmers & Merchants Bank
Cannon Falls, MN — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Farmers & Merchants Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 10,808 | 4,864 |
Income from Lease Financing Receivables | 38 | 12 |
99 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 51 | 20 |
Income on Loans and Leases (TE) | 10,897 | 4,921 |
Investment Interest Income (TE) | 727 | 592 |
Total Interest Income (TE) | 11,815 | 5,709 |
Total Interest Expense | 906 | 508 |
Net Interest Income (TE) | 10,909 | 5,181 |
Non-Interest Income | 2,816 | 905 |
Adjusted Operating Income (TE) | 13,725 | 6,155 |
Non-interest Expense | 8,915 | 4,018 |
Provision for Loan & Lease Losses | 475 | 126 |
Pretax Operating Income (TE) | 4,335 | 1,907 |
Pretax Net Operating Income (TE) | 4,335 | 1,940 |
Applicable Income Taxes | 4 | 97 |
Net Operating Income | 4,258 | 1,682 |
Net Income | 4,258 | 1,683 |
Cash Dividends Declared | 2,151 | 1,029 |
Retained Earnings | 2,107 | 636 |