Lakes State Bank
Baxter, MN — Domestic Branch of a Domestic Bank
Acquired Apr 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Lakes State Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 1,261 | 1,084 |
Income from Lease Financing Receivables | — | 2 |
— | 9 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 4 |
Income on Loans and Leases (TE) | 1,261 | 1,097 |
Investment Interest Income (TE) | 49 | 151 |
Total Interest Income (TE) | 1,310 | 1,290 |
Total Interest Expense | 113 | 118 |
Net Interest Income (TE) | 1,197 | 1,167 |
Non-Interest Income | 409 | 192 |
Adjusted Operating Income (TE) | 1,606 | 1,372 |
Non-interest Expense | 1,107 | 917 |
Provision for Loan & Lease Losses | 50 | 22 |
Pretax Operating Income (TE) | 449 | 425 |
Pretax Net Operating Income (TE) | 449 | 433 |
Applicable Income Taxes | — | 19 |
Net Operating Income | 447 | 376 |
Net Income | 447 | 378 |
Cash Dividends Declared | — | 225 |
Retained Earnings | 447 | 126 |