The First Western Bank Sturgis
Sturgis, SD — Domestic Branch of a Domestic Bank
Acquired Sep 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The First Western Bank Sturgis | All Insured Commercial Banks in South Dakota |
Interest and Fees on Loans | 11,524 | 4,365 |
Income from Lease Financing Receivables | 58 | 16,885 |
87 | 553 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 41 | 324 |
Income on Loans and Leases (TE) | 11,623 | 4,399 |
Investment Interest Income (TE) | 1,012 | 757 |
Total Interest Income (TE) | 12,758 | 5,141 |
Total Interest Expense | 4,031 | 1,594 |
Net Interest Income (TE) | 8,727 | 3,474 |
Non-Interest Income | 1,642 | 7,731 |
Adjusted Operating Income (TE) | 10,369 | 6,515 |
Non-interest Expense | 6,001 | 3,257 |
Provision for Loan & Lease Losses | 985 | 110,276 |
Pretax Operating Income (TE) | 3,383 | 97,247 |
Pretax Net Operating Income (TE) | 3,387 | 86,176 |
Applicable Income Taxes | 1,107 | 32,386 |
Net Operating Income | 2,117 | 54,732 |
Net Income | 2,117 | 53,022 |
Cash Dividends Declared | 750 | 13,117 |
Retained Earnings | 1,367 | 52,860 |