Wells Fargo Bank South Dakota, National Association
Sioux Falls, SD — National Bank
Acquired Feb 2004
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Wells Fargo Bank South Dakota, National Association | All Insured Commercial Banks in South Dakota |
| Interest and Fees on Loans | 357,142 | 6,200 |
| Income from Lease Financing Receivables | 194 | 73 |
| 409 | 86 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 217 | 43 |
| Income on Loans and Leases (TE) | 357,553 | 6,233 |
| Investment Interest Income (TE) | 46,605 | 805 |
| Total Interest Income (TE) | 419,750 | 6,681 |
| Total Interest Expense | 128,224 | 1,825 |
| Net Interest Income (TE) | 291,526 | 4,756 |
| Non-Interest Income | 74,676 | 1,354 |
| Adjusted Operating Income (TE) | 366,202 | 6,134 |
| Non-interest Expense | 179,108 | 3,679 |
| Provision for Loan & Lease Losses | 42,070 | 4,845 |
| Pretax Operating Income (TE) | 145,024 | 2,150 |
| Pretax Net Operating Income (TE) | 144,263 | 2,176 |
| Applicable Income Taxes | 50,472 | 2,346 |
| Net Operating Income | 93,053 | 1,714 |
| Net Income | 93,053 | 1,714 |
| Cash Dividends Declared | 136,000 | 2,930 |
| Retained Earnings | — | 4,138 |