Fortress Bank Minnesota
Houston, MN — Non-member Bank
Acquired Jun 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Fortress Bank Minnesota | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 718 | 1,434 |
Income from Lease Financing Receivables | — | 439 |
3 | 39 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1 | 18 |
Income on Loans and Leases (TE) | 719 | 1,448 |
Investment Interest Income (TE) | 117 | 192 |
Total Interest Income (TE) | 870 | 1,698 |
Total Interest Expense | 352 | 724 |
Net Interest Income (TE) | 518 | 978 |
Non-Interest Income | 72 | 155 |
Adjusted Operating Income (TE) | 590 | 1,135 |
Non-interest Expense | 464 | 722 |
Provision for Loan & Lease Losses | — | 141 |
Pretax Operating Income (TE) | 126 | 1,108 |
Pretax Net Operating Income (TE) | 126 | 1,108 |
Applicable Income Taxes | 39 | 437 |
Net Operating Income | 76 | 853 |
Net Income | 76 | 853 |
Cash Dividends Declared | 75 | 857 |
Retained Earnings | 1 | 813 |