Horizon Bank
Pine City, MN — Non-member Bank
Acquired Jun 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Horizon Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 1,150 | 1,240 |
Income from Lease Financing Receivables | — | 591 |
— | 44 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 24 |
Income on Loans and Leases (TE) | 1,150 | 1,256 |
Investment Interest Income (TE) | 31 | 197 |
Total Interest Income (TE) | 1,184 | 1,476 |
Total Interest Expense | 703 | 502 |
Net Interest Income (TE) | 481 | 964 |
Non-Interest Income | — | 166 |
Adjusted Operating Income (TE) | 108 | 1,144 |
Non-interest Expense | 1,090 | 790 |
Provision for Loan & Lease Losses | 2,775 | 523 |
Pretax Operating Income (TE) | — | 515 |
Pretax Net Operating Income (TE) | — | 589 |
Applicable Income Taxes | — | 198 |
Net Operating Income | — | 447 |
Net Income | — | 447 |
Cash Dividends Declared | — | 771 |
Retained Earnings | — | 271 |