Net Income Analysis ( % relative to Total Revenue )
Income Statement Kirkwood Bank & Trust Co. All Insured Commercial Banks in North Dakota
Interest and Fees on Loans 6,481 7,878
Income from Lease Financing Receivables — 41
150 62
Estimated Tax Benefit from Tax-Exempt Loan Income 70 32
Income on Loans and Leases (TE) 6,551 8,071
Investment Interest Income (TE) 621 1,178
Total Interest Income (TE) 7,319 9,503
Total Interest Expense 386 749
Net Interest Income (TE) 6,933 8,704
Non-Interest Income 2,123 1,682
Adjusted Operating Income (TE) 9,056 10,383
Non-interest Expense 6,425 6,115
Provision for Loan & Lease Losses 120 424
Pretax Operating Income (TE) 2,511 3,789
Pretax Net Operating Income (TE) 2,516 3,895
Applicable Income Taxes 641 324
Net Operating Income 1,694 3,002
Net Income 1,694 3,002
Cash Dividends Declared 230 1,740
Retained Earnings 1,464 1,178