The Farmers & Merchants State Bank
Archbold, OH — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Farmers & Merchants State Bank | All Insured Commercial Banks in Ohio |
Interest and Fees on Loans | 33,703 | 11,386 |
Income from Lease Financing Receivables | — | 4 |
174 | 64 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 91 | 32 |
Income on Loans and Leases (TE) | 33,794 | 11,434 |
Investment Interest Income (TE) | 4,038 | 1,894 |
Total Interest Income (TE) | 38,022 | 13,519 |
Total Interest Expense | 4,223 | 1,284 |
Net Interest Income (TE) | 33,799 | 12,235 |
Non-Interest Income | 10,299 | 3,344 |
Adjusted Operating Income (TE) | 44,098 | 15,563 |
Non-interest Expense | 27,301 | 10,269 |
Provision for Loan & Lease Losses | 1,121 | 364 |
Pretax Operating Income (TE) | 15,676 | 4,973 |
Pretax Net Operating Income (TE) | 16,264 | 5,081 |
Applicable Income Taxes | 4,888 | 1,163 |
Net Operating Income | 10,787 | 3,580 |
Net Income | 10,787 | 3,580 |
Cash Dividends Declared | 6,000 | 1,534 |
Retained Earnings | 4,787 | 1,881 |