Wells Fargo Bank Minnesota, National Association
Minneapolis, MN — Domestic Branch of a Domestic Bank
Acquired Feb 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Wells Fargo Bank Minnesota, National Association | All Insured Commercial Banks in Minnesota |
Interest and Fees on Loans | 1,891,432 | 3,553 |
Income from Lease Financing Receivables | 159,585 | 2,302 |
2,410 | 98 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1,293 | 48 |
Income on Loans and Leases (TE) | 2,052,310 | 3,600 |
Investment Interest Income (TE) | 117,073 | 643 |
Total Interest Income (TE) | 2,299,181 | 4,305 |
Total Interest Expense | 311,817 | 1,185 |
Net Interest Income (TE) | 1,987,364 | 3,102 |
Non-Interest Income | 976,442 | 584 |
Adjusted Operating Income (TE) | 2,963,806 | 3,720 |
Non-interest Expense | 1,461,342 | 2,273 |
Provision for Loan & Lease Losses | 44,540 | 454 |
Pretax Operating Income (TE) | 1,457,924 | 6,078 |
Pretax Net Operating Income (TE) | 1,455,625 | 2,673 |
Applicable Income Taxes | 499,709 | 2,461 |
Net Operating Income | 944,244 | 1,988 |
Net Income | 944,244 | 1,988 |
Cash Dividends Declared | 1,191,600 | 4,693 |
Retained Earnings | — | 804 |