Net Income Analysis ( % relative to Total Revenue )
Income Statement Perennial Bank All Insured Commercial Banks in Minnesota
Interest and Fees on Loans 1,599 4,864
Income from Lease Financing Receivables — 12
9 40
Estimated Tax Benefit from Tax-Exempt Loan Income 5 20
Income on Loans and Leases (TE) 1,604 4,921
Investment Interest Income (TE) 1,160 592
Total Interest Income (TE) 3,036 5,709
Total Interest Expense 225 508
Net Interest Income (TE) 2,811 5,181
Non-Interest Income 392 905
Adjusted Operating Income (TE) 3,203 6,155
Non-interest Expense 2,330 4,018
Provision for Loan & Lease Losses — 126
Pretax Operating Income (TE) 873 1,907
Pretax Net Operating Income (TE) 870 1,940
Applicable Income Taxes — 97
Net Operating Income 745 1,682
Net Income 745 1,683
Cash Dividends Declared 923 1,029
Retained Earnings -178 636