Bank Of Washtenaw
Saline, MI — Domestic Branch of a Domestic Bank
Acquired Oct 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bank Of Washtenaw | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 3,041 | 8,020 |
Income from Lease Financing Receivables | — | 4,509 |
— | 183 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 92 |
Income on Loans and Leases (TE) | 3,041 | 8,064 |
Investment Interest Income (TE) | — | 4,450 |
Total Interest Income (TE) | 3,090 | 8,958 |
Total Interest Expense | 948 | 2,632 |
Net Interest Income (TE) | 2,142 | 6,377 |
Non-Interest Income | 201 | 1,496 |
Adjusted Operating Income (TE) | 2,343 | 7,865 |
Non-interest Expense | 2,096 | 4,832 |
Provision for Loan & Lease Losses | 15 | 2,400 |
Pretax Operating Income (TE) | 232 | 8,137 |
Pretax Net Operating Income (TE) | 232 | 8,926 |
Applicable Income Taxes | 63 | 4,880 |
Net Operating Income | 169 | 5,927 |
Net Income | 169 | 5,927 |
Cash Dividends Declared | — | 9,667 |
Retained Earnings | 169 | 4,304 |