First National Bank Of The Lakes
Navarre, MN — Domestic Branch of a Domestic Bank
Acquired May 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First National Bank Of The Lakes | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 355 | 1,158 |
Income from Lease Financing Receivables | — | 3 |
— | 9 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 4 |
Income on Loans and Leases (TE) | 355 | 1,171 |
Investment Interest Income (TE) | 12 | 150 |
Total Interest Income (TE) | 447 | 1,370 |
Total Interest Expense | 10 | 122 |
Net Interest Income (TE) | 437 | 1,242 |
Non-Interest Income | 274 | 205 |
Adjusted Operating Income (TE) | 711 | 1,462 |
Non-interest Expense | 564 | 961 |
Provision for Loan & Lease Losses | 4 | 24 |
Pretax Operating Income (TE) | 143 | 463 |
Pretax Net Operating Income (TE) | 143 | 470 |
Applicable Income Taxes | — | 27 |
Net Operating Income | 143 | 397 |
Net Income | 143 | 397 |
Cash Dividends Declared | — | 285 |
Retained Earnings | 143 | 82 |