Brighton Commerce Bank
Brighton, MI — Domestic Branch of a Domestic Bank
Acquired Mar 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Brighton Commerce Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 6,885 | 11,817 |
Income from Lease Financing Receivables | — | 8,865 |
— | 347 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 49 |
Income on Loans and Leases (TE) | 6,885 | 11,846 |
Investment Interest Income (TE) | 54 | 4,705 |
Total Interest Income (TE) | 7,017 | 12,971 |
Total Interest Expense | 2,926 | 5,709 |
Net Interest Income (TE) | 4,091 | 7,592 |
Non-Interest Income | 289 | 8,140 |
Adjusted Operating Income (TE) | 4,380 | 9,261 |
Non-interest Expense | 3,248 | 7,126 |
Provision for Loan & Lease Losses | 559 | 4,449 |
Pretax Operating Income (TE) | 573 | 2,577 |
Pretax Net Operating Income (TE) | 573 | 2,470 |
Applicable Income Taxes | 203 | 1,838 |
Net Operating Income | 370 | 1,647 |
Net Income | 370 | 1,647 |
Cash Dividends Declared | 573 | 2,444 |
Retained Earnings | — | 585 |