Prosperan Bank
Oakdale, MN — Non-member Bank
Acquired Nov 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Prosperan Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 6,487 | 3,738 |
Income from Lease Financing Receivables | — | 336 |
78 | 135 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 63 |
Income on Loans and Leases (TE) | 6,487 | 3,783 |
Investment Interest Income (TE) | 1,446 | 547 |
Total Interest Income (TE) | 7,953 | 4,415 |
Total Interest Expense | 3,357 | 1,420 |
Net Interest Income (TE) | 4,596 | 2,975 |
Non-Interest Income | — | 627 |
Adjusted Operating Income (TE) | 4,470 | 3,531 |
Non-interest Expense | 5,558 | 2,458 |
Provision for Loan & Lease Losses | 12,004 | 1,345 |
Pretax Operating Income (TE) | — | 1,164 |
Pretax Net Operating Income (TE) | — | 1,214 |
Applicable Income Taxes | 5 | 190 |
Net Operating Income | — | 997 |
Net Income | — | 997 |
Cash Dividends Declared | — | 832 |
Retained Earnings | — | 591 |