Chemical Bank West
Walker, MI — Domestic Branch of a Domestic Bank
Acquired Jan 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Chemical Bank West | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 43,992 | 12,700 |
Income from Lease Financing Receivables | — | 9,843 |
167 | 252 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 90 | 124 |
Income on Loans and Leases (TE) | 44,082 | 12,748 |
Investment Interest Income (TE) | 3,487 | 9,066 |
Total Interest Income (TE) | 48,190 | 13,960 |
Total Interest Expense | 13,459 | 4,833 |
Net Interest Income (TE) | 34,731 | 9,331 |
Non-Interest Income | 7,924 | 2,051 |
Adjusted Operating Income (TE) | 42,655 | 11,396 |
Non-interest Expense | 22,923 | 6,943 |
Provision for Loan & Lease Losses | 1,260 | 1,970 |
Pretax Operating Income (TE) | 18,472 | 24,450 |
Pretax Net Operating Income (TE) | 18,413 | 25,142 |
Applicable Income Taxes | 6,372 | 8,683 |
Net Operating Income | 11,786 | 16,546 |
Net Income | 11,786 | 16,546 |
Cash Dividends Declared | 5,400 | 14,361 |
Retained Earnings | 6,386 | 6,004 |