State Bank Of Tower
Tower, MN — Domestic Branch of a Domestic Bank
Acquired Mar 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | State Bank Of Tower | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 1,649 | 5,345 |
Income from Lease Financing Receivables | — | 2,045 |
24 | 161 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 12 | 74 |
Income on Loans and Leases (TE) | 1,661 | 5,410 |
Investment Interest Income (TE) | 129 | 810 |
Total Interest Income (TE) | 1,822 | 6,379 |
Total Interest Expense | 602 | 2,435 |
Net Interest Income (TE) | 1,220 | 3,919 |
Non-Interest Income | 417 | 650 |
Adjusted Operating Income (TE) | 1,637 | 4,627 |
Non-interest Expense | 1,181 | 3,140 |
Provision for Loan & Lease Losses | 152 | 1,721 |
Pretax Operating Income (TE) | 304 | 2,342 |
Pretax Net Operating Income (TE) | 304 | 2,383 |
Applicable Income Taxes | — | 668 |
Net Operating Income | 292 | 1,829 |
Net Income | 292 | 1,829 |
Cash Dividends Declared | — | 1,779 |
Retained Earnings | 292 | 622 |