Minnwest Bank Luverne
Luverne, MN — Domestic Branch of a Domestic Bank
Acquired May 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Minnwest Bank Luverne | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 1,465 | 1,074 |
Income from Lease Financing Receivables | 4 | 2 |
5 | 10 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 3 | 5 |
Income on Loans and Leases (TE) | 1,472 | 1,088 |
Investment Interest Income (TE) | 76 | 163 |
Total Interest Income (TE) | 1,560 | 1,286 |
Total Interest Expense | 114 | 129 |
Net Interest Income (TE) | 1,446 | 1,152 |
Non-Interest Income | 116 | 187 |
Adjusted Operating Income (TE) | 1,562 | 1,353 |
Non-interest Expense | 783 | 933 |
Provision for Loan & Lease Losses | — | 18 |
Pretax Operating Income (TE) | 779 | 387 |
Pretax Net Operating Income (TE) | 779 | 392 |
Applicable Income Taxes | 311 | 21 |
Net Operating Income | 462 | 332 |
Net Income | 462 | 336 |
Cash Dividends Declared | 350 | 180 |
Retained Earnings | 112 | 122 |