Net Income Analysis ( % relative to Total Revenue )
Income Statement Independence Bank All Insured Commercial Banks in Montana
Interest and Fees on Loans 28,520 8,885
Income from Lease Financing Receivables — 1
94 35
Estimated Tax Benefit from Tax-Exempt Loan Income 49 17
Income on Loans and Leases (TE) 28,569 8,904
Investment Interest Income (TE) 1,523 1,082
Total Interest Income (TE) 30,255 10,108
Total Interest Expense 2,577 784
Net Interest Income (TE) 27,678 9,278
Non-Interest Income 1,270 2,109
Adjusted Operating Income (TE) 28,948 11,382
Non-interest Expense 10,783 6,724
Provision for Loan & Lease Losses 829 241
Pretax Operating Income (TE) 17,336 4,367
Pretax Net Operating Income (TE) 17,332 4,427
Applicable Income Taxes 6,567 499
Net Operating Income 10,502 3,773
Net Income 10,502 3,773
Cash Dividends Declared 3,824 2,023
Retained Earnings 6,678 1,276