Vermillion State Bank
Vermillion, MN — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Vermillion State Bank | All Insured Commercial Banks in Minnesota |
| Interest and Fees on Loans | 14,803 | 4,864 |
| Income from Lease Financing Receivables | 8 | 12 |
| 292 | 40 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 153 | 20 |
| Income on Loans and Leases (TE) | 14,964 | 4,921 |
| Investment Interest Income (TE) | 4,915 | 592 |
| Total Interest Income (TE) | 19,911 | 5,709 |
| Total Interest Expense | 1,796 | 508 |
| Net Interest Income (TE) | 18,115 | 5,181 |
| Non-Interest Income | 1,948 | 905 |
| Adjusted Operating Income (TE) | 20,063 | 6,155 |
| Non-interest Expense | 5,221 | 4,018 |
| Provision for Loan & Lease Losses | — | 126 |
| Pretax Operating Income (TE) | 14,842 | 1,907 |
| Pretax Net Operating Income (TE) | 14,188 | 1,940 |
| Applicable Income Taxes | — | 97 |
| Net Operating Income | 12,793 | 1,682 |
| Net Income | 12,793 | 1,683 |
| Cash Dividends Declared | 6,931 | 1,029 |
| Retained Earnings | 5,862 | 636 |