Alden State Bank
Alden, MI — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Alden State Bank | All Insured Commercial Banks in Michigan |
| Interest and Fees on Loans | 7,234 | 10,938 |
| Income from Lease Financing Receivables | — | 10 |
| 30 | 29 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 15 | 15 |
| Income on Loans and Leases (TE) | 7,249 | 11,173 |
| Investment Interest Income (TE) | 666 | 1,280 |
| Total Interest Income (TE) | 7,971 | 12,846 |
| Total Interest Expense | 368 | 1,055 |
| Net Interest Income (TE) | 7,603 | 11,693 |
| Non-Interest Income | 1,333 | 4,070 |
| Adjusted Operating Income (TE) | 8,936 | 16,296 |
| Non-interest Expense | 5,096 | 11,085 |
| Provision for Loan & Lease Losses | 150 | 218 |
| Pretax Operating Income (TE) | 3,690 | 4,891 |
| Pretax Net Operating Income (TE) | 3,690 | 4,954 |
| Applicable Income Taxes | 1,032 | 1,175 |
| Net Operating Income | 2,486 | 3,652 |
| Net Income | 2,486 | 3,589 |
| Cash Dividends Declared | 935 | 1,687 |
| Retained Earnings | 1,551 | 1,748 |