Net Income Analysis ( % relative to Total Revenue )
Income Statement Heartland State Bank All Insured Commercial Banks in North Dakota
Interest and Fees on Loans 2,022 7,878
Income from Lease Financing Receivables — 41
13 62
Estimated Tax Benefit from Tax-Exempt Loan Income 6 32
Income on Loans and Leases (TE) 2,028 8,071
Investment Interest Income (TE) 282 1,178
Total Interest Income (TE) 2,339 9,503
Total Interest Expense 207 749
Net Interest Income (TE) 2,132 8,704
Non-Interest Income 160 1,682
Adjusted Operating Income (TE) 2,292 10,383
Non-interest Expense 1,665 6,115
Provision for Loan & Lease Losses 6 424
Pretax Operating Income (TE) 621 3,789
Pretax Net Operating Income (TE) 621 3,895
Applicable Income Taxes — 324
Net Operating Income 564 3,002
Net Income 564 3,002
Cash Dividends Declared 450 1,740
Retained Earnings 114 1,178