First National Bank
Thief River Falls, MN — Domestic Branch of a Domestic Bank
Acquired May 2003
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | First National Bank | All Insured Commercial Banks in Minnesota |
| Interest and Fees on Loans | 516 | 886 |
| Income from Lease Financing Receivables | — | 651 |
| — | 26 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 13 |
| Income on Loans and Leases (TE) | 516 | 898 |
| Investment Interest Income (TE) | 91 | 174 |
| Total Interest Income (TE) | 654 | 1,078 |
| Total Interest Expense | 223 | 324 |
| Net Interest Income (TE) | 431 | 752 |
| Non-Interest Income | 74 | 138 |
| Adjusted Operating Income (TE) | 505 | 898 |
| Non-interest Expense | 394 | 541 |
| Provision for Loan & Lease Losses | 15 | 129 |
| Pretax Operating Income (TE) | 94 | 404 |
| Pretax Net Operating Income (TE) | 94 | 401 |
| Applicable Income Taxes | 52 | 661 |
| Net Operating Income | 42 | 311 |
| Net Income | 42 | 311 |
| Cash Dividends Declared | 217 | 3,076 |
| Retained Earnings | — | 355 |