Winthrop State Bank
Winthrop, MN — Domestic Branch of a Domestic Bank
Acquired Jan 2016
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Winthrop State Bank | All Insured Commercial Banks in Minnesota |
| Interest and Fees on Loans | 220 | 4,535 |
| Income from Lease Financing Receivables | — | 10 |
| — | 36 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 18 |
| Income on Loans and Leases (TE) | 220 | 4,587 |
| Investment Interest Income (TE) | 352 | 592 |
| Total Interest Income (TE) | 678 | 5,345 |
| Total Interest Expense | 39 | 480 |
| Net Interest Income (TE) | 639 | 4,837 |
| Non-Interest Income | 66 | 833 |
| Adjusted Operating Income (TE) | 705 | 5,721 |
| Non-interest Expense | 516 | 3,770 |
| Provision for Loan & Lease Losses | — | 109 |
| Pretax Operating Income (TE) | 189 | 1,797 |
| Pretax Net Operating Income (TE) | 205 | 1,822 |
| Applicable Income Taxes | — | 94 |
| Net Operating Income | 185 | 1,586 |
| Net Income | 185 | 1,588 |
| Cash Dividends Declared | 61 | 868 |
| Retained Earnings | 124 | 633 |