Stonebridge Bank
Minneapolis, MN — Domestic Branch of a Domestic Bank
Acquired Oct 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Stonebridge Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 6,852 | 3,558 |
Income from Lease Financing Receivables | — | 8 |
— | 28 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 14 |
Income on Loans and Leases (TE) | 6,852 | 3,597 |
Investment Interest Income (TE) | 54 | 436 |
Total Interest Income (TE) | 7,065 | 4,176 |
Total Interest Expense | 611 | 373 |
Net Interest Income (TE) | 6,454 | 3,786 |
Non-Interest Income | 332 | 643 |
Adjusted Operating Income (TE) | 6,786 | 4,483 |
Non-interest Expense | 4,198 | 2,906 |
Provision for Loan & Lease Losses | 56 | 81 |
Pretax Operating Income (TE) | 2,532 | 1,436 |
Pretax Net Operating Income (TE) | 2,736 | 1,469 |
Applicable Income Taxes | — | 71 |
Net Operating Income | 2,736 | 1,275 |
Net Income | 2,736 | 1,275 |
Cash Dividends Declared | 1,655 | 762 |
Retained Earnings | 1,081 | 467 |