First State Bank Of Fertile
Fertile, MN — Domestic Branch of a Domestic Bank
Acquired Dec 2015
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | First State Bank Of Fertile | All Insured Commercial Banks in Minnesota |
| Interest and Fees on Loans | 585 | 3,372 |
| Income from Lease Financing Receivables | — | 7 |
| — | 26 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 13 |
| Income on Loans and Leases (TE) | 585 | 3,411 |
| Investment Interest Income (TE) | 282 | 443 |
| Total Interest Income (TE) | 921 | 3,976 |
| Total Interest Expense | 57 | 358 |
| Net Interest Income (TE) | 864 | 3,599 |
| Non-Interest Income | 58 | 608 |
| Adjusted Operating Income (TE) | 922 | 4,252 |
| Non-interest Expense | 876 | 2,762 |
| Provision for Loan & Lease Losses | 15 | 75 |
| Pretax Operating Income (TE) | 31 | 1,384 |
| Pretax Net Operating Income (TE) | 24 | 1,400 |
| Applicable Income Taxes | 1 | 70 |
| Net Operating Income | 19 | 1,213 |
| Net Income | 19 | 1,214 |
| Cash Dividends Declared | — | 655 |
| Retained Earnings | 19 | 483 |