First Western Bank
Rapid City, SD — Domestic Branch of a Domestic Bank
Acquired Jan 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Western Bank | All Insured Commercial Banks in South Dakota |
Interest and Fees on Loans | 9,313 | 6,200 |
Income from Lease Financing Receivables | — | 73 |
10 | 86 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 5 | 43 |
Income on Loans and Leases (TE) | 9,318 | 6,233 |
Investment Interest Income (TE) | 836 | 805 |
Total Interest Income (TE) | 10,224 | 6,681 |
Total Interest Expense | 3,870 | 1,825 |
Net Interest Income (TE) | 6,354 | 4,756 |
Non-Interest Income | 900 | 1,354 |
Adjusted Operating Income (TE) | 7,254 | 6,134 |
Non-interest Expense | 4,149 | 3,679 |
Provision for Loan & Lease Losses | 487 | 4,845 |
Pretax Operating Income (TE) | 2,618 | 2,150 |
Pretax Net Operating Income (TE) | 2,700 | 2,176 |
Applicable Income Taxes | 930 | 2,346 |
Net Operating Income | 1,695 | 1,714 |
Net Income | 1,695 | 1,714 |
Cash Dividends Declared | — | 2,930 |
Retained Earnings | 1,695 | 4,138 |