Heritage Bank National Association
Spicer, MN — National Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Heritage Bank National Association | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 16,148 | 4,864 |
Income from Lease Financing Receivables | — | 12 |
11 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 6 | 20 |
Income on Loans and Leases (TE) | 16,154 | 4,921 |
Investment Interest Income (TE) | 881 | 592 |
Total Interest Income (TE) | 17,178 | 5,709 |
Total Interest Expense | 1,362 | 508 |
Net Interest Income (TE) | 15,816 | 5,181 |
Non-Interest Income | 2,781 | 905 |
Adjusted Operating Income (TE) | 18,597 | 6,155 |
Non-interest Expense | 14,833 | 4,018 |
Provision for Loan & Lease Losses | 325 | 126 |
Pretax Operating Income (TE) | 3,439 | 1,907 |
Pretax Net Operating Income (TE) | 3,335 | 1,940 |
Applicable Income Taxes | 47 | 97 |
Net Operating Income | 3,159 | 1,682 |
Net Income | 3,159 | 1,683 |
Cash Dividends Declared | 875 | 1,029 |
Retained Earnings | 2,284 | 636 |