Minnesota Lakes Bank
Delano, MN — State Member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Minnesota Lakes Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 2,324 | 4,864 |
Income from Lease Financing Receivables | — | 12 |
27 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 14 | 20 |
Income on Loans and Leases (TE) | 2,338 | 4,921 |
Investment Interest Income (TE) | 566 | 592 |
Total Interest Income (TE) | 3,012 | 5,709 |
Total Interest Expense | 204 | 508 |
Net Interest Income (TE) | 2,808 | 5,181 |
Non-Interest Income | 1,294 | 905 |
Adjusted Operating Income (TE) | 4,102 | 6,155 |
Non-interest Expense | 3,500 | 4,018 |
Provision for Loan & Lease Losses | 255 | 126 |
Pretax Operating Income (TE) | 347 | 1,907 |
Pretax Net Operating Income (TE) | 481 | 1,940 |
Applicable Income Taxes | — | 97 |
Net Operating Income | 440 | 1,682 |
Net Income | 440 | 1,683 |
Cash Dividends Declared | 75 | 1,029 |
Retained Earnings | 365 | 636 |