The Bank Of Elk River
Elk River, MN — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Bank Of Elk River | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 12,080 | 4,864 |
Income from Lease Financing Receivables | — | 12 |
25 | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 13 | 20 |
Income on Loans and Leases (TE) | 12,093 | 4,921 |
Investment Interest Income (TE) | 2,051 | 592 |
Total Interest Income (TE) | 14,347 | 5,709 |
Total Interest Expense | 930 | 508 |
Net Interest Income (TE) | 13,417 | 5,181 |
Non-Interest Income | 4,118 | 905 |
Adjusted Operating Income (TE) | 17,535 | 6,155 |
Non-interest Expense | 11,556 | 4,018 |
Provision for Loan & Lease Losses | -1,000 | 126 |
Pretax Operating Income (TE) | 6,979 | 1,907 |
Pretax Net Operating Income (TE) | 7,091 | 1,940 |
Applicable Income Taxes | 2,689 | 97 |
Net Operating Income | 4,221 | 1,682 |
Net Income | 4,221 | 1,683 |
Cash Dividends Declared | 2,525 | 1,029 |
Retained Earnings | 1,696 | 636 |