Northern National Bank
Nisswa, MN — Domestic Branch of a Domestic Bank
Acquired Oct 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Northern National Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 3,685 | 3,738 |
Income from Lease Financing Receivables | 10 | 336 |
15 | 135 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 8 | 63 |
Income on Loans and Leases (TE) | 3,703 | 3,783 |
Investment Interest Income (TE) | 477 | 547 |
Total Interest Income (TE) | 4,207 | 4,415 |
Total Interest Expense | 1,167 | 1,420 |
Net Interest Income (TE) | 3,040 | 2,975 |
Non-Interest Income | 462 | 627 |
Adjusted Operating Income (TE) | 3,502 | 3,531 |
Non-interest Expense | 3,147 | 2,458 |
Provision for Loan & Lease Losses | 490 | 1,345 |
Pretax Operating Income (TE) | — | 1,164 |
Pretax Net Operating Income (TE) | 134 | 1,214 |
Applicable Income Taxes | — | 190 |
Net Operating Income | 109 | 997 |
Net Income | 109 | 997 |
Cash Dividends Declared | — | 832 |
Retained Earnings | 109 | 591 |