Vergas State Bank
Vergas, MN — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Vergas State Bank | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 932 | 4,864 |
Income from Lease Financing Receivables | — | 12 |
— | 40 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 20 |
Income on Loans and Leases (TE) | 932 | 4,921 |
Investment Interest Income (TE) | 428 | 592 |
Total Interest Income (TE) | 1,472 | 5,709 |
Total Interest Expense | 260 | 508 |
Net Interest Income (TE) | 1,212 | 5,181 |
Non-Interest Income | 107 | 905 |
Adjusted Operating Income (TE) | 1,319 | 6,155 |
Non-interest Expense | 972 | 4,018 |
Provision for Loan & Lease Losses | — | 126 |
Pretax Operating Income (TE) | 347 | 1,907 |
Pretax Net Operating Income (TE) | 396 | 1,940 |
Applicable Income Taxes | -103 | 97 |
Net Operating Income | 430 | 1,682 |
Net Income | 430 | 1,683 |
Cash Dividends Declared | 100 | 1,029 |
Retained Earnings | 330 | 636 |