Detroit Commerce Bank
Detroit, MI — Domestic Branch of a Domestic Bank
Acquired Mar 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Detroit Commerce Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 6,765 | 11,817 |
Income from Lease Financing Receivables | — | 8,865 |
— | 347 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 49 |
Income on Loans and Leases (TE) | 6,765 | 11,846 |
Investment Interest Income (TE) | 41 | 4,705 |
Total Interest Income (TE) | 6,858 | 12,971 |
Total Interest Expense | 3,023 | 5,709 |
Net Interest Income (TE) | 3,835 | 7,592 |
Non-Interest Income | 183 | 8,140 |
Adjusted Operating Income (TE) | 4,018 | 9,261 |
Non-interest Expense | 3,411 | 7,126 |
Provision for Loan & Lease Losses | 3,077 | 4,449 |
Pretax Operating Income (TE) | — | 2,577 |
Pretax Net Operating Income (TE) | — | 2,470 |
Applicable Income Taxes | — | 1,838 |
Net Operating Income | — | 1,647 |
Net Income | — | 1,647 |
Cash Dividends Declared | — | 2,444 |
Retained Earnings | — | 585 |