Merchants Bank, National Association
Caledonia, MN — Domestic Branch of a Domestic Bank
Acquired Jun 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Merchants Bank, National Association | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 474 | 1,240 |
Income from Lease Financing Receivables | 1 | 591 |
11 | 44 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 6 | 24 |
Income on Loans and Leases (TE) | 481 | 1,256 |
Investment Interest Income (TE) | 117 | 197 |
Total Interest Income (TE) | 608 | 1,476 |
Total Interest Expense | 203 | 502 |
Net Interest Income (TE) | 405 | 964 |
Non-Interest Income | 153 | 166 |
Adjusted Operating Income (TE) | 558 | 1,144 |
Non-interest Expense | 334 | 790 |
Provision for Loan & Lease Losses | 37 | 523 |
Pretax Operating Income (TE) | 187 | 515 |
Pretax Net Operating Income (TE) | 236 | 589 |
Applicable Income Taxes | 86 | 198 |
Net Operating Income | 144 | 447 |
Net Income | 144 | 447 |
Cash Dividends Declared | — | 771 |
Retained Earnings | 144 | 271 |