Chelsea State Bank
Chelsea, MI — State Member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Chelsea State Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 7,994 | 10,938 |
Income from Lease Financing Receivables | — | 10 |
305 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 157 | 15 |
Income on Loans and Leases (TE) | 8,151 | 11,173 |
Investment Interest Income (TE) | 1,733 | 1,280 |
Total Interest Income (TE) | 10,179 | 12,846 |
Total Interest Expense | 373 | 1,055 |
Net Interest Income (TE) | 9,806 | 11,693 |
Non-Interest Income | 1,869 | 4,070 |
Adjusted Operating Income (TE) | 11,675 | 16,296 |
Non-interest Expense | 6,889 | 11,085 |
Provision for Loan & Lease Losses | -600 | 218 |
Pretax Operating Income (TE) | 5,386 | 4,891 |
Pretax Net Operating Income (TE) | 5,389 | 4,954 |
Applicable Income Taxes | — | 1,175 |
Net Operating Income | 4,920 | 3,652 |
Net Income | 4,920 | 3,589 |
Cash Dividends Declared | 2,958 | 1,687 |
Retained Earnings | 1,962 | 1,748 |