Net Income Analysis ( % relative to Total Revenue )
Income Statement Citizens Bank All Insured Commercial Banks in Michigan
Interest and Fees on Loans 67,508 2,509
Income from Lease Financing Receivables — 0
602 9
Estimated Tax Benefit from Tax-Exempt Loan Income 313 4
Income on Loans and Leases (TE) 67,821 2,524
Investment Interest Income (TE) 17,506 285
Total Interest Income (TE) 86,819 2,867
Total Interest Expense 14,164 357
Net Interest Income (TE) 72,655 2,471
Non-Interest Income 22,038 823
Adjusted Operating Income (TE) 94,693 3,387
Non-interest Expense 65,586 2,393
Provision for Loan & Lease Losses 3,734 130
Pretax Operating Income (TE) 25,373 850
Pretax Net Operating Income (TE) 25,373 862
Applicable Income Taxes 8,981 174
Net Operating Income 15,042 616
Net Income 15,042 606
Cash Dividends Declared — 117
Retained Earnings 15,042 442