Commercial Bank
Alma, MI — Non-member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Commercial Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 13,429 | 10,938 |
Income from Lease Financing Receivables | — | 10 |
56 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 27 | 15 |
Income on Loans and Leases (TE) | 13,456 | 11,173 |
Investment Interest Income (TE) | 479 | 1,280 |
Total Interest Income (TE) | 14,638 | 12,846 |
Total Interest Expense | 2,908 | 1,055 |
Net Interest Income (TE) | 11,730 | 11,693 |
Non-Interest Income | 1,515 | 4,070 |
Adjusted Operating Income (TE) | 13,245 | 16,296 |
Non-interest Expense | 8,723 | 11,085 |
Provision for Loan & Lease Losses | — | 218 |
Pretax Operating Income (TE) | 4,522 | 4,891 |
Pretax Net Operating Income (TE) | 4,535 | 4,954 |
Applicable Income Taxes | 1,297 | 1,175 |
Net Operating Income | 3,145 | 3,652 |
Net Income | 3,145 | 3,589 |
Cash Dividends Declared | 2,131 | 1,687 |
Retained Earnings | 1,014 | 1,748 |