The Farmers State Bank At Fort Morgan, Colorado
Fort Morgan, CO — State Member Bank
Acquired Dec 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Farmers State Bank At Fort Morgan, Colorado | All Insured Commercial Banks in Colorado |
Interest and Fees on Loans | 3,581 | 10,120 |
Income from Lease Financing Receivables | — | 124 |
— | 110 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 55 |
Income on Loans and Leases (TE) | 3,581 | 10,158 |
Investment Interest Income (TE) | 1,029 | 3,788 |
Total Interest Income (TE) | 5,229 | 11,110 |
Total Interest Expense | 1,530 | 3,975 |
Net Interest Income (TE) | 3,699 | 6,971 |
Non-Interest Income | 593 | 2,359 |
Adjusted Operating Income (TE) | 4,292 | 8,962 |
Non-interest Expense | 2,782 | 5,650 |
Provision for Loan & Lease Losses | — | 1,897 |
Pretax Operating Income (TE) | 1,578 | 4,062 |
Pretax Net Operating Income (TE) | 1,578 | 3,911 |
Applicable Income Taxes | — | 1,478 |
Net Operating Income | 1,578 | 2,672 |
Net Income | 1,578 | 2,670 |
Cash Dividends Declared | 2,000 | 2,303 |
Retained Earnings | — | 1,504 |