Net Income Analysis ( % relative to Total Revenue )
Income Statement Pine River State Bank All Insured Commercial Banks in Minnesota
Interest and Fees on Loans 3,487 4,864
Income from Lease Financing Receivables — 12
32 40
Estimated Tax Benefit from Tax-Exempt Loan Income 16 20
Income on Loans and Leases (TE) 3,503 4,921
Investment Interest Income (TE) 395 592
Total Interest Income (TE) 4,101 5,709
Total Interest Expense 225 508
Net Interest Income (TE) 3,876 5,181
Non-Interest Income 432 905
Adjusted Operating Income (TE) 4,308 6,155
Non-interest Expense 3,396 4,018
Provision for Loan & Lease Losses 41 126
Pretax Operating Income (TE) 871 1,907
Pretax Net Operating Income (TE) 871 1,940
Applicable Income Taxes 2 97
Net Operating Income 778 1,682
Net Income 778 1,683
Cash Dividends Declared 484 1,029
Retained Earnings 294 636