Net Income Analysis ( % relative to Total Revenue )
Income Statement Northwoods Bank Of Minnesota All Insured Savings Banks in Minnesota
Interest and Fees on Loans 3,328 8,915
Income from Lease Financing Receivables — 3
3 6
Estimated Tax Benefit from Tax-Exempt Loan Income 2 3
Income on Loans and Leases (TE) 3,330 8,921
Investment Interest Income (TE) 1,010 1,005
Total Interest Income (TE) 4,398 10,031
Total Interest Expense 298 835
Net Interest Income (TE) 4,100 9,197
Non-Interest Income 825 2,762
Adjusted Operating Income (TE) 4,925 11,959
Non-interest Expense 3,407 8,221
Provision for Loan & Lease Losses 127 183
Pretax Operating Income (TE) 1,391 3,555
Pretax Net Operating Income (TE) 1,403 3,509
Applicable Income Taxes 2 1,078
Net Operating Income 1,154 2,358
Net Income 1,154 2,358
Cash Dividends Declared 708 737
Retained Earnings 446 1,621