Chemical Bank Shoreline
Benton Harbor, MI — Domestic Branch of a Domestic Bank
Acquired Jan 2006
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 |