51A-3-21. Net profits defined.
Net profits shall be equal to the net income or loss as reported by a bank in its reports of condition and income. In computing its net profits under this section, a bank may not add its provision for loan and lease losses to, nor deduct net charge offs from, its reported net income.
Source: SDCL, §51-15-1(9); SL 1988, ch 377, §1; SDCL, §51-17-20.6; SL 1991, ch 390, §3.