Wells Fargo Financial Bank
Sioux Falls, SD — Domestic Branch of a Domestic Bank
Acquired Feb 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Wells Fargo Financial Bank | All Insured Commercial Banks in South Dakota |
Interest and Fees on Loans | 1,056,186 | 9,512 |
Income from Lease Financing Receivables | — | 23,794 |
— | 1,035 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 594 |
Income on Loans and Leases (TE) | 1,056,186 | 9,579 |
Investment Interest Income (TE) | 15,599 | 1,937 |
Total Interest Income (TE) | 1,071,789 | 11,344 |
Total Interest Expense | 126,662 | 4,003 |
Net Interest Income (TE) | 945,127 | 7,080 |
Non-Interest Income | 109,455 | 2,691 |
Adjusted Operating Income (TE) | 1,054,582 | 10,856 |
Non-interest Expense | 157,959 | 6,374 |
Provision for Loan & Lease Losses | 1,095,126 | 220,313 |
Pretax Operating Income (TE) | — | 68,890 |
Pretax Net Operating Income (TE) | — | 82,868 |
Applicable Income Taxes | — | 24,146 |
Net Operating Income | — | 56,501 |
Net Income | — | 56,503 |
Cash Dividends Declared | — | 20,820 |
Retained Earnings | — | 45,005 |