Pinehurst Bank
Saint Paul, MN — Non-member Bank
Acquired May 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Pinehurst Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 866 | 1,174 |
Income from Lease Financing Receivables | — | 124 |
— | 52 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 25 |
Income on Loans and Leases (TE) | 866 | 1,190 |
Investment Interest Income (TE) | — | 178 |
Total Interest Income (TE) | 873 | 1,383 |
Total Interest Expense | 303 | 374 |
Net Interest Income (TE) | 570 | 1,001 |
Non-Interest Income | 70 | 145 |
Adjusted Operating Income (TE) | 640 | 1,159 |
Non-interest Expense | 684 | 817 |
Provision for Loan & Lease Losses | 1,161 | 410 |
Pretax Operating Income (TE) | -1,205 | 174 |
Pretax Net Operating Income (TE) | -1,205 | 184 |
Applicable Income Taxes | — | 80 |
Net Operating Income | -1,205 | 161 |
Net Income | -1,205 | 161 |
Cash Dividends Declared | — | 439 |
Retained Earnings | -1,205 | 26 |