Minnwest Bank Ortonville
Ortonville, MN — Domestic Branch of a Domestic Bank
Acquired Mar 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Minnwest Bank Ortonville | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 5,926 | 5,853 |
Income from Lease Financing Receivables | 92 | 1,630 |
97 | 154 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 43 | 66 |
Income on Loans and Leases (TE) | 6,061 | 5,907 |
Investment Interest Income (TE) | 427 | 800 |
Total Interest Income (TE) | 6,628 | 6,931 |
Total Interest Expense | 3,183 | 2,967 |
Net Interest Income (TE) | 3,445 | 3,952 |
Non-Interest Income | 265 | 647 |
Adjusted Operating Income (TE) | 3,710 | 4,625 |
Non-interest Expense | 1,669 | 2,950 |
Provision for Loan & Lease Losses | — | 1,105 |
Pretax Operating Income (TE) | 2,471 | 4,528 |
Pretax Net Operating Income (TE) | 2,471 | 4,567 |
Applicable Income Taxes | 915 | 1,769 |
Net Operating Income | 1,497 | 3,422 |
Net Income | 1,497 | 3,422 |
Cash Dividends Declared | 1,000 | 2,541 |
Retained Earnings | 497 | 1,550 |