Net Income Analysis ( % relative to Total Revenue )
Income Statement Clarkston State Bank All Insured Commercial Banks in Michigan
Interest and Fees on Loans 6,413 10,938
Income from Lease Financing Receivables 238 10
— 29
Estimated Tax Benefit from Tax-Exempt Loan Income — 15
Income on Loans and Leases (TE) 6,651 11,173
Investment Interest Income (TE) 179 1,280
Total Interest Income (TE) 6,886 12,846
Total Interest Expense 185 1,055
Net Interest Income (TE) 6,701 11,693
Non-Interest Income 724 4,070
Adjusted Operating Income (TE) 7,425 16,296
Non-interest Expense 4,875 11,085
Provision for Loan & Lease Losses 50 218
Pretax Operating Income (TE) 2,500 4,891
Pretax Net Operating Income (TE) 2,512 4,954
Applicable Income Taxes 930 1,175
Net Operating Income 1,582 3,652
Net Income 1,582 3,589
Cash Dividends Declared — 1,687
Retained Earnings 1,582 1,748