Minnwest Bank Metro
Eagan, MN — Domestic Branch of a Domestic Bank
Acquired May 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Minnwest Bank Metro | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 1,844 | 1,074 |
Income from Lease Financing Receivables | 304 | 2 |
— | 10 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 5 |
Income on Loans and Leases (TE) | 2,148 | 1,088 |
Investment Interest Income (TE) | 42 | 163 |
Total Interest Income (TE) | 2,204 | 1,286 |
Total Interest Expense | 341 | 129 |
Net Interest Income (TE) | 1,863 | 1,152 |
Non-Interest Income | 118 | 187 |
Adjusted Operating Income (TE) | 1,981 | 1,353 |
Non-interest Expense | 1,746 | 933 |
Provision for Loan & Lease Losses | — | 18 |
Pretax Operating Income (TE) | 235 | 387 |
Pretax Net Operating Income (TE) | 235 | 392 |
Applicable Income Taxes | 97 | 21 |
Net Operating Income | 138 | 332 |
Net Income | 138 | 336 |
Cash Dividends Declared | — | 180 |
Retained Earnings | 138 | 122 |