Minnwest Bank Central
Montevideo, MN — Domestic Branch of a Domestic Bank
Acquired May 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Minnwest Bank Central | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 2,705 | 1,074 |
Income from Lease Financing Receivables | 13 | 2 |
45 | 10 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 23 | 5 |
Income on Loans and Leases (TE) | 2,741 | 1,088 |
Investment Interest Income (TE) | 99 | 163 |
Total Interest Income (TE) | 2,867 | 1,286 |
Total Interest Expense | 286 | 129 |
Net Interest Income (TE) | 2,581 | 1,152 |
Non-Interest Income | 324 | 187 |
Adjusted Operating Income (TE) | 2,905 | 1,353 |
Non-interest Expense | 1,622 | 933 |
Provision for Loan & Lease Losses | — | 18 |
Pretax Operating Income (TE) | 1,283 | 387 |
Pretax Net Operating Income (TE) | 1,283 | 392 |
Applicable Income Taxes | 481 | 21 |
Net Operating Income | 764 | 332 |
Net Income | 764 | 336 |
Cash Dividends Declared | 750 | 180 |
Retained Earnings | 14 | 122 |