State Bank Of Clarks Grove
Albert Lea, MN — Domestic Branch of a Domestic Bank
Acquired Mar 2014
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | State Bank Of Clarks Grove | All Insured Commercial Banks in Minnesota |
| Interest and Fees on Loans | 400 | 4,382 |
| Income from Lease Financing Receivables | — | 8 |
| — | 42 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 20 |
| Income on Loans and Leases (TE) | 400 | 4,439 |
| Investment Interest Income (TE) | 39 | 597 |
| Total Interest Income (TE) | 574 | 5,176 |
| Total Interest Expense | 36 | 580 |
| Net Interest Income (TE) | 538 | 4,573 |
| Non-Interest Income | 104 | 780 |
| Adjusted Operating Income (TE) | 642 | 5,405 |
| Non-interest Expense | 581 | 3,697 |
| Provision for Loan & Lease Losses | — | 110 |
| Pretax Operating Income (TE) | 61 | 1,518 |
| Pretax Net Operating Income (TE) | 61 | 1,545 |
| Applicable Income Taxes | — | 75 |
| Net Operating Income | 61 | 1,303 |
| Net Income | 61 | 1,303 |
| Cash Dividends Declared | — | 672 |
| Retained Earnings | 61 | 519 |