Choiceone Bank
Sparta, MI — State Member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Choiceone Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 16,508 | 10,938 |
Income from Lease Financing Receivables | — | 10 |
21 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 11 | 15 |
Income on Loans and Leases (TE) | 16,519 | 11,173 |
Investment Interest Income (TE) | 4,265 | 1,280 |
Total Interest Income (TE) | 20,968 | 12,846 |
Total Interest Expense | 969 | 1,055 |
Net Interest Income (TE) | 19,999 | 11,693 |
Non-Interest Income | 7,568 | 4,070 |
Adjusted Operating Income (TE) | 27,567 | 16,296 |
Non-interest Expense | 18,838 | 11,085 |
Provision for Loan & Lease Losses | — | 218 |
Pretax Operating Income (TE) | 8,729 | 4,891 |
Pretax Net Operating Income (TE) | 9,041 | 4,954 |
Applicable Income Taxes | 2,201 | 1,175 |
Net Operating Income | 6,133 | 3,652 |
Net Income | 6,133 | 3,589 |
Cash Dividends Declared | 3,161 | 1,687 |
Retained Earnings | 2,972 | 1,748 |