First Farmers & Merchants National Bank
Fairmont, 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 | 4,284 | 4,864 |
Income from Lease Financing Receivables | — | 12 |
69 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 36 | 20 |
Income on Loans and Leases (TE) | 4,320 | 4,921 |
Investment Interest Income (TE) | 187 | 592 |
Total Interest Income (TE) | 4,533 | 5,709 |
Total Interest Expense | 440 | 508 |
Net Interest Income (TE) | 4,093 | 5,181 |
Non-Interest Income | 348 | 905 |
Adjusted Operating Income (TE) | 4,441 | 6,155 |
Non-interest Expense | 2,954 | 4,018 |
Provision for Loan & Lease Losses | 270 | 126 |
Pretax Operating Income (TE) | 1,217 | 1,907 |
Pretax Net Operating Income (TE) | 1,217 | 1,940 |
Applicable Income Taxes | 1 | 97 |
Net Operating Income | 1,179 | 1,682 |
Net Income | 1,179 | 1,683 |
Cash Dividends Declared | 608 | 1,029 |
Retained Earnings | 571 | 636 |