Kanabec State Bank
Mora, MN — Domestic Branch of a Domestic Bank
Acquired Jul 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Kanabec State Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 1,360 | 2,186 |
Income from Lease Financing Receivables | — | 4 |
— | 20 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 10 |
Income on Loans and Leases (TE) | 1,360 | 2,213 |
Investment Interest Income (TE) | 632 | 335 |
Total Interest Income (TE) | 2,000 | 2,620 |
Total Interest Expense | 292 | 256 |
Net Interest Income (TE) | 1,708 | 2,352 |
Non-Interest Income | 247 | 405 |
Adjusted Operating Income (TE) | 1,955 | 2,783 |
Non-interest Expense | 1,719 | 1,880 |
Provision for Loan & Lease Losses | 15 | 42 |
Pretax Operating Income (TE) | 221 | 826 |
Pretax Net Operating Income (TE) | 238 | 838 |
Applicable Income Taxes | — | 42 |
Net Operating Income | 189 | 718 |
Net Income | 189 | 728 |
Cash Dividends Declared | 4,500 | 425 |
Retained Earnings | -4,311 | 257 |