Net Income Analysis ( % relative to Total Revenue )
Income Statement Crestmark Bank All Insured Commercial Banks in Michigan
Interest and Fees on Loans 68,647 10,938
Income from Lease Financing Receivables 7,494 10
— 29
Estimated Tax Benefit from Tax-Exempt Loan Income — 15
Income on Loans and Leases (TE) 76,141 11,173
Investment Interest Income (TE) 371 1,280
Total Interest Income (TE) 76,630 12,846
Total Interest Expense 7,695 1,055
Net Interest Income (TE) 68,935 11,693
Non-Interest Income 44,294 4,070
Adjusted Operating Income (TE) 113,229 16,296
Non-interest Expense 86,332 11,085
Provision for Loan & Lease Losses 4,355 218
Pretax Operating Income (TE) 22,542 4,891
Pretax Net Operating Income (TE) 22,542 4,954
Applicable Income Taxes 2,705 1,175
Net Operating Income 19,828 3,652
Net Income 15,586 3,589
Cash Dividends Declared 6,000 1,687
Retained Earnings 9,586 1,748