Valley Bank (National Association)
Elk Point, SD — Domestic Branch of a Domestic Bank
Acquired Oct 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Valley Bank (National Association) | All Insured Commercial Banks in South Dakota |
Interest and Fees on Loans | 1,186 | 6,388 |
Income from Lease Financing Receivables | — | 18,471 |
27 | 740 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 14 | 396 |
Income on Loans and Leases (TE) | 1,200 | 6,438 |
Investment Interest Income (TE) | 55 | 1,244 |
Total Interest Income (TE) | 1,281 | 7,737 |
Total Interest Expense | 329 | 2,777 |
Net Interest Income (TE) | 952 | 4,790 |
Non-Interest Income | 211 | 1,784 |
Adjusted Operating Income (TE) | 1,163 | 7,152 |
Non-interest Expense | 849 | 4,236 |
Provision for Loan & Lease Losses | — | 121,444 |
Pretax Operating Income (TE) | 314 | 96,673 |
Pretax Net Operating Income (TE) | 314 | 100,893 |
Applicable Income Taxes | 114 | 736 |
Net Operating Income | 186 | 63,966 |
Net Income | 186 | 63,968 |
Cash Dividends Declared | — | 23,492 |
Retained Earnings | 186 | 52,827 |