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