State Bank Of West Fargo
West Fargo, ND — Domestic Branch of a Domestic Bank
Acquired Sep 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | State Bank Of West Fargo | All Insured Commercial Banks in North Dakota |
Interest and Fees on Loans | 2,275 | 1,756 |
Income from Lease Financing Receivables | 38 | 244 |
— | 80 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 41 |
Income on Loans and Leases (TE) | 2,313 | 1,863 |
Investment Interest Income (TE) | 382 | 391 |
Total Interest Income (TE) | 2,752 | 2,330 |
Total Interest Expense | 967 | 701 |
Net Interest Income (TE) | 1,785 | 1,630 |
Non-Interest Income | 155 | 280 |
Adjusted Operating Income (TE) | 1,940 | 1,934 |
Non-interest Expense | 1,255 | 1,165 |
Provision for Loan & Lease Losses | — | 768 |
Pretax Operating Income (TE) | 685 | 702 |
Pretax Net Operating Income (TE) | 685 | 718 |
Applicable Income Taxes | 242 | 180 |
Net Operating Income | 443 | 513 |
Net Income | 443 | 513 |
Cash Dividends Declared | 1,100 | 1,133 |
Retained Earnings | — | 1,081 |