First Farmers & Merchants National Bank
Luverne, MN — National Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Farmers & Merchants National Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 7,008 | 4,864 |
Income from Lease Financing Receivables | 22 | 12 |
169 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 87 | 20 |
Income on Loans and Leases (TE) | 7,117 | 4,921 |
Investment Interest Income (TE) | 264 | 592 |
Total Interest Income (TE) | 7,438 | 5,709 |
Total Interest Expense | 350 | 508 |
Net Interest Income (TE) | 7,088 | 5,181 |
Non-Interest Income | 3,767 | 905 |
Adjusted Operating Income (TE) | 10,855 | 6,155 |
Non-interest Expense | 7,390 | 4,018 |
Provision for Loan & Lease Losses | 50 | 126 |
Pretax Operating Income (TE) | 3,415 | 1,907 |
Pretax Net Operating Income (TE) | 3,415 | 1,940 |
Applicable Income Taxes | 2 | 97 |
Net Operating Income | 3,323 | 1,682 |
Net Income | 3,323 | 1,683 |
Cash Dividends Declared | 1,661 | 1,029 |
Retained Earnings | 1,662 | 636 |