Net Income Analysis ( % relative to Total Revenue )
Income Statement Chemical Bank All Insured Commercial Banks in Michigan
Interest and Fees on Loans 383,537 10,938
Income from Lease Financing Receivables 8 10
2,778 29
Estimated Tax Benefit from Tax-Exempt Loan Income 1,494 15
Income on Loans and Leases (TE) 385,039 11,173
Investment Interest Income (TE) 29,920 1,280
Total Interest Income (TE) 418,487 12,846
Total Interest Expense 27,492 1,055
Net Interest Income (TE) 390,995 11,693
Non-Interest Income 126,104 4,070
Adjusted Operating Income (TE) 517,099 16,296
Non-interest Expense 311,613 11,085
Provision for Loan & Lease Losses 14,875 218
Pretax Operating Income (TE) 190,611 4,891
Pretax Net Operating Income (TE) 190,740 4,954
Applicable Income Taxes 53,562 1,175
Net Operating Income 129,062 3,652
Net Income 129,062 3,589
Cash Dividends Declared 110,450 1,687
Retained Earnings 18,612 1,748