Paragon Bank
Wells, MN — Non-member Bank
Acquired Sep 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Paragon Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 643 | 2,324 |
Income from Lease Financing Receivables | — | 5 |
— | 18 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 9 |
Income on Loans and Leases (TE) | 643 | 2,350 |
Investment Interest Income (TE) | 16 | 297 |
Total Interest Income (TE) | 679 | 2,742 |
Total Interest Expense | 43 | 244 |
Net Interest Income (TE) | 636 | 2,486 |
Non-Interest Income | 43 | 409 |
Adjusted Operating Income (TE) | 679 | 2,933 |
Non-interest Expense | 469 | 1,915 |
Provision for Loan & Lease Losses | 10 | 51 |
Pretax Operating Income (TE) | 200 | 933 |
Pretax Net Operating Income (TE) | 200 | 946 |
Applicable Income Taxes | 70 | 46 |
Net Operating Income | 130 | 820 |
Net Income | 130 | 820 |
Cash Dividends Declared | 132 | 577 |
Retained Earnings | -2 | 232 |