Net Income Analysis ( % relative to Total Revenue )
Net Income 20,179,000,00070.10%Net Operating Income20,539,000,00071.35%Total Operating Income27,858,000,00096.77%Non-Interest Income27,858,000,00096.77%Total Operating Expenses7,319,000,00025.42%Total Interest Expense3,748,000,00013.02%Provision for Loan & Lease Losses3,571,000,00012.40%Realized Gains on Securities929,000,0003.23%Applicable Income Taxes9,535,000,00033.12%,,,
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Income Statement Wells Fargo Bank, National Association All Insured Commercial Banks in South Dakota
Interest and Fees on Loans 37,383,000 11,165
Income from Lease Financing Receivables 885,000 9
228,000 69
Estimated Tax Benefit from Tax-Exempt Loan Income 121,555 36
Income on Loans and Leases (TE) 38,389,555 11,237
Investment Interest Income (TE) 9,373,368 1,143
Total Interest Income (TE) 49,916,923 12,568
Total Interest Expense 3,748,000 1,156
Net Interest Income (TE) 46,168,923 11,412
Non-Interest Income 27,858,000 3,519
Adjusted Operating Income (TE) 74,026,923 15,007
Non-interest Expense 40,918,000 9,017
Provision for Loan & Lease Losses 3,571,000 665
Pretax Operating Income (TE) 29,537,923 4,931
Pretax Net Operating Income (TE) 30,466,923 4,991
Applicable Income Taxes 9,535,000 989
Net Operating Income 20,177,000 3,749
Net Income 20,179,000 3,749
Cash Dividends Declared 12,000,000 1,737
Retained Earnings 8,179,000 1,960