Merchants Bank, National Association
La Crescent, 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 | 1,151 | 1,240 |
Income from Lease Financing Receivables | 1 | 591 |
12 | 44 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 6 | 24 |
Income on Loans and Leases (TE) | 1,158 | 1,256 |
Investment Interest Income (TE) | 89 | 197 |
Total Interest Income (TE) | 1,263 | 1,476 |
Total Interest Expense | 380 | 502 |
Net Interest Income (TE) | 883 | 964 |
Non-Interest Income | 490 | 166 |
Adjusted Operating Income (TE) | 1,373 | 1,144 |
Non-interest Expense | 907 | 790 |
Provision for Loan & Lease Losses | 108 | 523 |
Pretax Operating Income (TE) | 358 | 515 |
Pretax Net Operating Income (TE) | 378 | 589 |
Applicable Income Taxes | 142 | 198 |
Net Operating Income | 230 | 447 |
Net Income | 230 | 447 |
Cash Dividends Declared | — | 771 |
Retained Earnings | 230 | 271 |