St. Stephen State Bank
Saint Stephen, MN — Non-member Bank
Acquired Jan 2010
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | St. Stephen State Bank | All Insured Commercial Banks in Minnesota |
| Interest and Fees on Loans | 1,385 | 4,907 |
| Income from Lease Financing Receivables | — | 444 |
| — | 184 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 82 |
| Income on Loans and Leases (TE) | 1,385 | 4,966 |
| Investment Interest Income (TE) | 30 | 699 |
| Total Interest Income (TE) | 1,421 | 5,795 |
| Total Interest Expense | 547 | 1,824 |
| Net Interest Income (TE) | 874 | 3,941 |
| Non-Interest Income | 299 | 1,368 |
| Adjusted Operating Income (TE) | 1,173 | 4,652 |
| Non-interest Expense | 1,879 | 3,275 |
| Provision for Loan & Lease Losses | 2,493 | 1,963 |
| Pretax Operating Income (TE) | — | 1,446 |
| Pretax Net Operating Income (TE) | — | 1,511 |
| Applicable Income Taxes | 2 | 216 |
| Net Operating Income | — | 1,239 |
| Net Income | — | 1,239 |
| Cash Dividends Declared | — | 971 |
| Retained Earnings | — | 658 |