Bank Of Michigan
Farmington Hills, MI — Domestic Branch of a Domestic Bank
Acquired Mar 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bank Of Michigan | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 4,845 | 10,256 |
Income from Lease Financing Receivables | — | 22 |
— | 32 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 16 |
Income on Loans and Leases (TE) | 4,845 | 10,452 |
Investment Interest Income (TE) | 147 | 1,316 |
Total Interest Income (TE) | 5,011 | 12,029 |
Total Interest Expense | 396 | 1,053 |
Net Interest Income (TE) | 4,615 | 10,891 |
Non-Interest Income | 2,316 | 3,767 |
Adjusted Operating Income (TE) | 6,931 | 15,094 |
Non-interest Expense | 5,026 | 10,577 |
Provision for Loan & Lease Losses | — | 61 |
Pretax Operating Income (TE) | 1,905 | 4,511 |
Pretax Net Operating Income (TE) | 1,906 | 4,557 |
Applicable Income Taxes | 667 | 1,129 |
Net Operating Income | 1,239 | 3,218 |
Net Income | 1,239 | 3,166 |
Cash Dividends Declared | — | 1,044 |
Retained Earnings | 1,239 | 1,762 |