Net Income Analysis ( % relative to Total Revenue )
Income Statement Chemical Bank Shoreline All Insured Commercial Banks in Michigan
Interest and Fees on Loans 58,875 12,700
Income from Lease Financing Receivables — 9,843
598 252
Estimated Tax Benefit from Tax-Exempt Loan Income 322 124
Income on Loans and Leases (TE) 59,197 12,748
Investment Interest Income (TE) 7,811 9,066
Total Interest Income (TE) 67,833 13,960
Total Interest Expense 22,669 4,833
Net Interest Income (TE) 45,164 9,331
Non-Interest Income 9,202 2,051
Adjusted Operating Income (TE) 54,366 11,396
Non-interest Expense 29,647 6,943
Provision for Loan & Lease Losses 1,430 1,970
Pretax Operating Income (TE) 23,289 24,450
Pretax Net Operating Income (TE) 23,137 25,142
Applicable Income Taxes 7,322 8,683
Net Operating Income 15,170 16,546
Net Income 15,170 16,546
Cash Dividends Declared 8,097 14,361
Retained Earnings 7,073 6,004