Riverwood Bank
Baxter, MN — Domestic Branch of a Domestic Bank
Acquired Feb 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Riverwood Bank | All Insured Savings Banks in Minnesota |
Interest and Fees on Loans | 6,145 | 9,165 |
Income from Lease Financing Receivables | — | 30 |
— | 14 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 7 |
Income on Loans and Leases (TE) | 6,145 | 9,203 |
Investment Interest Income (TE) | 77 | 4,530 |
Total Interest Income (TE) | 6,307 | 13,813 |
Total Interest Expense | 1,207 | 2,327 |
Net Interest Income (TE) | 5,100 | 11,486 |
Non-Interest Income | 1,721 | 3,542 |
Adjusted Operating Income (TE) | 6,821 | 15,028 |
Non-interest Expense | 6,291 | 9,475 |
Provision for Loan & Lease Losses | 350 | 6,553 |
Pretax Operating Income (TE) | 180 | -1,000 |
Pretax Net Operating Income (TE) | 180 | -38 |
Applicable Income Taxes | 21 | -500 |
Net Operating Income | 159 | 403 |
Net Income | 159 | 403 |
Cash Dividends Declared | — | 350 |
Retained Earnings | 159 | 53 |