Grand Rapids State Bank
Grand Rapids, MN — State Member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Grand Rapids State Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 7,305 | 4,864 |
Income from Lease Financing Receivables | — | 12 |
29 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 15 | 20 |
Income on Loans and Leases (TE) | 7,320 | 4,921 |
Investment Interest Income (TE) | 1,789 | 592 |
Total Interest Income (TE) | 9,169 | 5,709 |
Total Interest Expense | 495 | 508 |
Net Interest Income (TE) | 8,674 | 5,181 |
Non-Interest Income | 1,727 | 905 |
Adjusted Operating Income (TE) | 10,401 | 6,155 |
Non-interest Expense | 7,416 | 4,018 |
Provision for Loan & Lease Losses | — | 126 |
Pretax Operating Income (TE) | 2,985 | 1,907 |
Pretax Net Operating Income (TE) | 3,028 | 1,940 |
Applicable Income Taxes | 4 | 97 |
Net Operating Income | 2,590 | 1,682 |
Net Income | 2,590 | 1,683 |
Cash Dividends Declared | 2,000 | 1,029 |
Retained Earnings | 590 | 636 |