Northland Community Bank
Northome, MN — Domestic Branch of a Domestic Bank
Acquired Jul 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Northland Community Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 1,672 | 2,095 |
Income from Lease Financing Receivables | — | 552 |
— | 56 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 27 |
Income on Loans and Leases (TE) | 1,672 | 2,117 |
Investment Interest Income (TE) | 56 | 322 |
Total Interest Income (TE) | 1,736 | 2,444 |
Total Interest Expense | 500 | 688 |
Net Interest Income (TE) | 1,236 | 1,757 |
Non-Interest Income | 98 | 289 |
Adjusted Operating Income (TE) | 1,334 | 2,047 |
Non-interest Expense | 951 | 1,243 |
Provision for Loan & Lease Losses | — | 133 |
Pretax Operating Income (TE) | 383 | 1,129 |
Pretax Net Operating Income (TE) | 401 | 1,618 |
Applicable Income Taxes | — | 498 |
Net Operating Income | 394 | 1,271 |
Net Income | 394 | 1,271 |
Cash Dividends Declared | 724 | 1,003 |
Retained Earnings | — | 725 |