Byron Bank
Byron Center, MI — Domestic Branch of a Domestic Bank
Acquired Jul 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Byron Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 18,005 | 5,362 |
Income from Lease Financing Receivables | — | 0 |
28 | 21 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 14 | 6 |
Income on Loans and Leases (TE) | 18,019 | 5,374 |
Investment Interest Income (TE) | 1,753 | 580 |
Total Interest Income (TE) | 19,784 | 6,107 |
Total Interest Expense | 4,891 | 1,686 |
Net Interest Income (TE) | 14,893 | 4,402 |
Non-Interest Income | 4,544 | 979 |
Adjusted Operating Income (TE) | 19,437 | 5,583 |
Non-interest Expense | 12,623 | 4,017 |
Provision for Loan & Lease Losses | 3,400 | 1,396 |
Pretax Operating Income (TE) | 3,414 | 123 |
Pretax Net Operating Income (TE) | 4,437 | 188 |
Applicable Income Taxes | 1,097 | 115 |
Net Operating Income | 2,938 | 134 |
Net Income | 2,938 | 133 |
Cash Dividends Declared | — | 139 |
Retained Earnings | 2,938 | -203 |