Merchants Bank, National Association
Hampton, MN — Domestic Branch of a Domestic Bank
Acquired Sep 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Merchants Bank, National Association | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 2,708 | 2,891 |
Income from Lease Financing Receivables | 52 | 818 |
10 | 75 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 34 |
Income on Loans and Leases (TE) | 2,760 | 2,919 |
Investment Interest Income (TE) | 336 | 391 |
Total Interest Income (TE) | 3,188 | 3,419 |
Total Interest Expense | 1,316 | 1,454 |
Net Interest Income (TE) | 1,872 | 1,959 |
Non-Interest Income | 496 | 312 |
Adjusted Operating Income (TE) | 2,368 | 2,284 |
Non-interest Expense | 2,066 | 1,449 |
Provision for Loan & Lease Losses | 599 | 298 |
Pretax Operating Income (TE) | — | 2,717 |
Pretax Net Operating Income (TE) | — | 2,722 |
Applicable Income Taxes | — | 1,170 |
Net Operating Income | — | 2,022 |
Net Income | — | 2,022 |
Cash Dividends Declared | — | 1,317 |
Retained Earnings | — | 1,685 |