Security State Bank Of Howard Lake
Howard Lake, MN — Domestic Branch of a Domestic Bank
Acquired Oct 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Security State Bank Of Howard Lake | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 2,227 | 3,388 |
Income from Lease Financing Receivables | — | 6 |
13 | 35 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 7 | 13 |
Income on Loans and Leases (TE) | 2,234 | 3,437 |
Investment Interest Income (TE) | 457 | 462 |
Total Interest Income (TE) | 2,767 | 4,009 |
Total Interest Expense | 595 | 803 |
Net Interest Income (TE) | 2,172 | 3,191 |
Non-Interest Income | 269 | 426 |
Adjusted Operating Income (TE) | 2,441 | 3,655 |
Non-interest Expense | 1,369 | 2,558 |
Provision for Loan & Lease Losses | 266 | 304 |
Pretax Operating Income (TE) | 806 | 744 |
Pretax Net Operating Income (TE) | 847 | 759 |
Applicable Income Taxes | — | 32 |
Net Operating Income | 731 | 649 |
Net Income | 731 | 649 |
Cash Dividends Declared | 146 | 345 |
Retained Earnings | 585 | 233 |