Security Bank, Madison, South Dakota
Madison, SD — Non-member Bank
Acquired Feb 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Security Bank, Madison, South Dakota | All Insured Commercial Banks in South Dakota |
Interest and Fees on Loans | 8,208 | 7,463 |
Income from Lease Financing Receivables | — | 9,615 |
28 | 647 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 14 | 329 |
Income on Loans and Leases (TE) | 8,222 | 7,514 |
Investment Interest Income (TE) | 104 | 1,117 |
Total Interest Income (TE) | 8,426 | 8,914 |
Total Interest Expense | 2,871 | 2,505 |
Net Interest Income (TE) | 5,555 | 6,299 |
Non-Interest Income | 4,447 | 1,957 |
Adjusted Operating Income (TE) | 10,002 | 8,267 |
Non-interest Expense | 7,536 | 5,014 |
Provision for Loan & Lease Losses | 1,275 | 12,491 |
Pretax Operating Income (TE) | 1,191 | 3,033 |
Pretax Net Operating Income (TE) | 1,191 | 3,018 |
Applicable Income Taxes | 45 | 754 |
Net Operating Income | 1,132 | 2,138 |
Net Income | 1,132 | 2,141 |
Cash Dividends Declared | 1,900 | 80,690 |
Retained Earnings | — | 20,317 |