Merchants Bank, National Association
Winona, MN — National Bank
Active
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Merchants Bank, National Association | All Insured Commercial Banks in Minnesota |
| Interest and Fees on Loans | 57,630 | 4,864 |
| Income from Lease Financing Receivables | 4,662 | 12 |
| 654 | 40 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 352 | 20 |
| Income on Loans and Leases (TE) | 62,644 | 4,921 |
| Investment Interest Income (TE) | 4,177 | 592 |
| Total Interest Income (TE) | 68,153 | 5,709 |
| Total Interest Expense | 4,419 | 508 |
| Net Interest Income (TE) | 63,734 | 5,181 |
| Non-Interest Income | 15,958 | 905 |
| Adjusted Operating Income (TE) | 79,692 | 6,155 |
| Non-interest Expense | 51,578 | 4,018 |
| Provision for Loan & Lease Losses | 3,227 | 126 |
| Pretax Operating Income (TE) | 24,887 | 1,907 |
| Pretax Net Operating Income (TE) | 25,237 | 1,940 |
| Applicable Income Taxes | 9,035 | 97 |
| Net Operating Income | 15,841 | 1,682 |
| Net Income | 15,841 | 1,683 |
| Cash Dividends Declared | 3,100 | 1,029 |
| Retained Earnings | 12,741 | 636 |