Sterling State Bank
Austin, MN — Non-member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sterling State Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 8,658 | 4,864 |
Income from Lease Financing Receivables | — | 12 |
10 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 5 | 20 |
Income on Loans and Leases (TE) | 8,663 | 4,921 |
Investment Interest Income (TE) | 2,390 | 592 |
Total Interest Income (TE) | 11,300 | 5,709 |
Total Interest Expense | 1,303 | 508 |
Net Interest Income (TE) | 9,997 | 5,181 |
Non-Interest Income | 1,638 | 905 |
Adjusted Operating Income (TE) | 11,635 | 6,155 |
Non-interest Expense | 10,355 | 4,018 |
Provision for Loan & Lease Losses | — | 126 |
Pretax Operating Income (TE) | 1,280 | 1,907 |
Pretax Net Operating Income (TE) | 1,420 | 1,940 |
Applicable Income Taxes | 10 | 97 |
Net Operating Income | 1,217 | 1,682 |
Net Income | 1,217 | 1,683 |
Cash Dividends Declared | 1,023 | 1,029 |
Retained Earnings | 194 | 636 |