Citizens Bank
Flint, MI — Domestic Branch of a Domestic Bank
Acquired Apr 2013
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 |