Independence Bank
Havre, MT — Non-member Bank
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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 |