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