Bank Of Lenawee
Adrian, MI — Domestic Branch of a Domestic Bank
Acquired Mar 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bank Of Lenawee | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 18,465 | 13,531 |
Income from Lease Financing Receivables | — | 6,782 |
126 | 309 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 65 | 166 |
Income on Loans and Leases (TE) | 18,530 | 13,570 |
Investment Interest Income (TE) | 687 | 5,276 |
Total Interest Income (TE) | 19,559 | 14,474 |
Total Interest Expense | 7,314 | 7,218 |
Net Interest Income (TE) | 12,245 | 7,803 |
Non-Interest Income | 2,966 | 2,250 |
Adjusted Operating Income (TE) | 15,211 | 9,566 |
Non-interest Expense | 10,961 | 6,683 |
Provision for Loan & Lease Losses | 2,119 | 5,533 |
Pretax Operating Income (TE) | 2,131 | 13,783 |
Pretax Net Operating Income (TE) | 2,112 | 14,035 |
Applicable Income Taxes | 677 | 5,082 |
Net Operating Income | 1,335 | 8,881 |
Net Income | 1,335 | 8,885 |
Cash Dividends Declared | — | 7,875 |
Retained Earnings | 1,335 | 3,381 |