Security Bank & Trust Company
Glencoe, MN — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Security Bank & Trust Company | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 11,908 | 4,864 |
Income from Lease Financing Receivables | 503 | 12 |
426 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 219 | 20 |
Income on Loans and Leases (TE) | 12,630 | 4,921 |
Investment Interest Income (TE) | 3,992 | 592 |
Total Interest Income (TE) | 16,827 | 5,709 |
Total Interest Expense | 2,139 | 508 |
Net Interest Income (TE) | 14,688 | 5,181 |
Non-Interest Income | 3,951 | 905 |
Adjusted Operating Income (TE) | 18,639 | 6,155 |
Non-interest Expense | 10,034 | 4,018 |
Provision for Loan & Lease Losses | — | 126 |
Pretax Operating Income (TE) | 8,605 | 1,907 |
Pretax Net Operating Income (TE) | 8,661 | 1,940 |
Applicable Income Taxes | 10 | 97 |
Net Operating Income | 8,077 | 1,682 |
Net Income | 8,077 | 1,683 |
Cash Dividends Declared | 5,800 | 1,029 |
Retained Earnings | 2,277 | 636 |