Valley Bank
Waterville, MN — Domestic Branch of a Domestic Bank
Acquired May 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Valley Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 2,035 | 1,174 |
Income from Lease Financing Receivables | 5 | 124 |
4 | 52 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 2 | 25 |
Income on Loans and Leases (TE) | 2,042 | 1,190 |
Investment Interest Income (TE) | 401 | 178 |
Total Interest Income (TE) | 2,463 | 1,383 |
Total Interest Expense | 435 | 374 |
Net Interest Income (TE) | 2,028 | 1,001 |
Non-Interest Income | 491 | 145 |
Adjusted Operating Income (TE) | 2,519 | 1,159 |
Non-interest Expense | 1,849 | 817 |
Provision for Loan & Lease Losses | 550 | 410 |
Pretax Operating Income (TE) | 120 | 174 |
Pretax Net Operating Income (TE) | 120 | 184 |
Applicable Income Taxes | — | 80 |
Net Operating Income | 92 | 161 |
Net Income | 92 | 161 |
Cash Dividends Declared | 2,311 | 439 |
Retained Earnings | -2,219 | 26 |