First National Bank Of The North
Sandstone, MN — Domestic Branch of a Domestic Bank
Acquired Jul 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First National Bank Of The North | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 1,605 | 2,235 |
Income from Lease Financing Receivables | — | 4 |
51 | 23 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 26 | 9 |
Income on Loans and Leases (TE) | 1,631 | 2,267 |
Investment Interest Income (TE) | 224 | 304 |
Total Interest Income (TE) | 1,863 | 2,644 |
Total Interest Expense | 265 | 547 |
Net Interest Income (TE) | 1,598 | 2,087 |
Non-Interest Income | 128 | 291 |
Adjusted Operating Income (TE) | 1,726 | 2,408 |
Non-interest Expense | 1,193 | 1,704 |
Provision for Loan & Lease Losses | 168 | 203 |
Pretax Operating Income (TE) | 365 | 480 |
Pretax Net Operating Income (TE) | 420 | 482 |
Applicable Income Taxes | — | 20 |
Net Operating Income | 387 | 413 |
Net Income | 387 | 413 |
Cash Dividends Declared | — | 243 |
Retained Earnings | 387 | 96 |