The Farmers & Merchants Bank
Berlin, WI — State Member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | The Farmers & Merchants Bank | All Insured Commercial Banks in Wisconsin |
| Interest and Fees on Loans | 12,008 | 8,778 |
| Income from Lease Financing Receivables | — | 1 |
| 14 | 81 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 7 | 41 |
| Income on Loans and Leases (TE) | 12,015 | 8,830 |
| Investment Interest Income (TE) | 1,467 | 1,225 |
| Total Interest Income (TE) | 13,533 | 10,297 |
| Total Interest Expense | 1,712 | 1,031 |
| Net Interest Income (TE) | 11,821 | 9,193 |
| Non-Interest Income | 1,095 | 1,813 |
| Adjusted Operating Income (TE) | 12,916 | 11,079 |
| Non-interest Expense | 8,098 | 6,946 |
| Provision for Loan & Lease Losses | 1,217 | 167 |
| Pretax Operating Income (TE) | 3,601 | 3,889 |
| Pretax Net Operating Income (TE) | 3,601 | 3,922 |
| Applicable Income Taxes | 775 | 705 |
| Net Operating Income | 2,381 | 3,014 |
| Net Income | 2,381 | 3,013 |
| Cash Dividends Declared | 1,381 | 1,435 |
| Retained Earnings | 1,000 | 1,350 |