The First National Bank Of Pine City
Pine City, MN — Domestic Branch of a Domestic Bank
Acquired Nov 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The First National Bank Of Pine City | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 2,164 | 4,322 |
Income from Lease Financing Receivables | — | 1,240 |
2 | 111 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1 | 48 |
Income on Loans and Leases (TE) | 2,165 | 4,362 |
Investment Interest Income (TE) | 452 | 579 |
Total Interest Income (TE) | 2,708 | 5,113 |
Total Interest Expense | 949 | 2,183 |
Net Interest Income (TE) | 1,759 | 2,918 |
Non-Interest Income | 175 | 473 |
Adjusted Operating Income (TE) | 1,934 | 3,404 |
Non-interest Expense | 1,092 | 2,147 |
Provision for Loan & Lease Losses | — | 516 |
Pretax Operating Income (TE) | 842 | 3,580 |
Pretax Net Operating Income (TE) | 842 | 3,582 |
Applicable Income Taxes | — | 1,400 |
Net Operating Income | 840 | 2,675 |
Net Income | 840 | 2,676 |
Cash Dividends Declared | 159 | 1,923 |
Retained Earnings | 681 | 1,523 |