Charlevoix State Bank
Charlevoix, MI — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Charlevoix State Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 5,375 | 10,938 |
Income from Lease Financing Receivables | — | 10 |
30 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 15 | 15 |
Income on Loans and Leases (TE) | 5,390 | 11,173 |
Investment Interest Income (TE) | 671 | 1,280 |
Total Interest Income (TE) | 6,315 | 12,846 |
Total Interest Expense | 261 | 1,055 |
Net Interest Income (TE) | 6,054 | 11,693 |
Non-Interest Income | 2,227 | 4,070 |
Adjusted Operating Income (TE) | 8,281 | 16,296 |
Non-interest Expense | 5,532 | 11,085 |
Provision for Loan & Lease Losses | — | 218 |
Pretax Operating Income (TE) | 2,749 | 4,891 |
Pretax Net Operating Income (TE) | 2,765 | 4,954 |
Applicable Income Taxes | — | 1,175 |
Net Operating Income | 2,631 | 3,652 |
Net Income | 2,631 | 3,589 |
Cash Dividends Declared | 1,431 | 1,687 |
Retained Earnings | 1,200 | 1,748 |