Net Income Analysis ( % relative to Total Revenue )
Income Statement United Farmers State Bank All Insured Commercial Banks in Minnesota
Interest and Fees on Loans 6,068 4,864
Income from Lease Financing Receivables — 12
3 40
Estimated Tax Benefit from Tax-Exempt Loan Income 2 20
Income on Loans and Leases (TE) 6,070 4,921
Investment Interest Income (TE) 510 592
Total Interest Income (TE) 6,626 5,709
Total Interest Expense 649 508
Net Interest Income (TE) 5,977 5,181
Non-Interest Income 354 905
Adjusted Operating Income (TE) 6,331 6,155
Non-interest Expense 2,899 4,018
Provision for Loan & Lease Losses 355 126
Pretax Operating Income (TE) 3,077 1,907
Pretax Net Operating Income (TE) 3,104 1,940
Applicable Income Taxes 2 97
Net Operating Income 2,994 1,682
Net Income 2,994 1,683
Cash Dividends Declared 1,998 1,029
Retained Earnings 996 636