Alliance Banking Company
New Buffalo, MI — Domestic Branch of a Domestic Bank
Acquired Jun 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Alliance Banking Company | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 1,487 | 2,991 |
Income from Lease Financing Receivables | 1 | 2,246 |
1 | 62 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 31 |
Income on Loans and Leases (TE) | 1,488 | 3,003 |
Investment Interest Income (TE) | 233 | 2,251 |
Total Interest Income (TE) | 1,768 | 3,297 |
Total Interest Expense | 530 | 1,042 |
Net Interest Income (TE) | 1,238 | 2,294 |
Non-Interest Income | 251 | 492 |
Adjusted Operating Income (TE) | 1,489 | 2,783 |
Non-interest Expense | 1,197 | 1,756 |
Provision for Loan & Lease Losses | 45 | 451 |
Pretax Operating Income (TE) | 247 | 1,491 |
Pretax Net Operating Income (TE) | 247 | 1,497 |
Applicable Income Taxes | 67 | 2,204 |
Net Operating Income | 160 | 1,002 |
Net Income | 160 | 1,002 |
Cash Dividends Declared | — | 4,452 |
Retained Earnings | 160 | 1,942 |