Langford State Bank
Langford, SD — Domestic Branch of a Domestic Bank
Acquired Jul 2008
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Langford State Bank | All Insured Commercial Banks in South Dakota |
| Interest and Fees on Loans | 182 | 4,267 |
| Income from Lease Financing Receivables | — | 12,528 |
| — | 502 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 267 |
| Income on Loans and Leases (TE) | 182 | 4,300 |
| Investment Interest Income (TE) | 119 | 826 |
| Total Interest Income (TE) | 312 | 5,180 |
| Total Interest Expense | 73 | 1,898 |
| Net Interest Income (TE) | 239 | 3,164 |
| Non-Interest Income | 8 | 1,216 |
| Adjusted Operating Income (TE) | 247 | 4,762 |
| Non-interest Expense | 185 | 2,773 |
| Provision for Loan & Lease Losses | — | 91,208 |
| Pretax Operating Income (TE) | 62 | 63,897 |
| Pretax Net Operating Income (TE) | 62 | 67,184 |
| Applicable Income Taxes | 15 | 512 |
| Net Operating Income | 47 | 42,143 |
| Net Income | 47 | 42,145 |
| Cash Dividends Declared | 60 | 20,096 |
| Retained Earnings | — | 34,193 |