Western State Bank
Devils Lake, ND — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Western State Bank | All Insured Commercial Banks in North Dakota |
Interest and Fees on Loans | 52,274 | 7,878 |
Income from Lease Financing Receivables | 990 | 41 |
69 | 62 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 37 | 32 |
Income on Loans and Leases (TE) | 53,301 | 8,071 |
Investment Interest Income (TE) | 667 | 1,178 |
Total Interest Income (TE) | 54,114 | 9,503 |
Total Interest Expense | 7,113 | 749 |
Net Interest Income (TE) | 47,001 | 8,704 |
Non-Interest Income | 6,851 | 1,682 |
Adjusted Operating Income (TE) | 53,852 | 10,383 |
Non-interest Expense | 28,847 | 6,115 |
Provision for Loan & Lease Losses | 4,150 | 424 |
Pretax Operating Income (TE) | 20,855 | 3,789 |
Pretax Net Operating Income (TE) | 20,885 | 3,895 |
Applicable Income Taxes | 7,762 | 324 |
Net Operating Income | 13,071 | 3,002 |
Net Income | 13,071 | 3,002 |
Cash Dividends Declared | 4,350 | 1,740 |
Retained Earnings | 8,721 | 1,178 |