Great Northern Bank
Saint Michael, MN — Domestic Branch of a Domestic Bank
Acquired Mar 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Great Northern Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 2,571 | 4,382 |
Income from Lease Financing Receivables | — | 8 |
— | 42 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 20 |
Income on Loans and Leases (TE) | 2,571 | 4,439 |
Investment Interest Income (TE) | 72 | 597 |
Total Interest Income (TE) | 2,772 | 5,176 |
Total Interest Expense | 242 | 580 |
Net Interest Income (TE) | 2,530 | 4,573 |
Non-Interest Income | 240 | 780 |
Adjusted Operating Income (TE) | 2,770 | 5,405 |
Non-interest Expense | 2,646 | 3,697 |
Provision for Loan & Lease Losses | -542 | 110 |
Pretax Operating Income (TE) | 666 | 1,518 |
Pretax Net Operating Income (TE) | 666 | 1,545 |
Applicable Income Taxes | — | 75 |
Net Operating Income | 666 | 1,303 |
Net Income | 666 | 1,303 |
Cash Dividends Declared | — | 672 |
Retained Earnings | 666 | 519 |