United Farmers & Merchants State Bank
Morris, MN — Domestic Branch of a Domestic Bank
Acquired Sep 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | United Farmers & Merchants State Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 344 | 2,142 |
Income from Lease Financing Receivables | — | 4 |
— | 21 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 10 |
Income on Loans and Leases (TE) | 344 | 2,170 |
Investment Interest Income (TE) | 89 | 282 |
Total Interest Income (TE) | 482 | 2,522 |
Total Interest Expense | 35 | 299 |
Net Interest Income (TE) | 447 | 2,211 |
Non-Interest Income | 306 | 397 |
Adjusted Operating Income (TE) | 753 | 2,659 |
Non-interest Expense | 610 | 1,819 |
Provision for Loan & Lease Losses | 3 | 61 |
Pretax Operating Income (TE) | 140 | 732 |
Pretax Net Operating Income (TE) | 140 | 755 |
Applicable Income Taxes | 9 | 38 |
Net Operating Income | 109 | 633 |
Net Income | 104 | 633 |
Cash Dividends Declared | 95 | 360 |
Retained Earnings | 9 | 237 |