Net Income Analysis ( % relative to Total Revenue )
Income Statement Farmers & Merchants Bank All Insured Commercial Banks in Ohio
Interest and Fees on Loans 4,266 11,386
Income from Lease Financing Receivables — 4
— 64
Estimated Tax Benefit from Tax-Exempt Loan Income — 32
Income on Loans and Leases (TE) 4,266 11,434
Investment Interest Income (TE) 1,000 1,894
Total Interest Income (TE) 5,361 13,519
Total Interest Expense 178 1,284
Net Interest Income (TE) 5,183 12,235
Non-Interest Income 652 3,344
Adjusted Operating Income (TE) 5,835 15,563
Non-interest Expense 3,707 10,269
Provision for Loan & Lease Losses 110 364
Pretax Operating Income (TE) 2,018 4,973
Pretax Net Operating Income (TE) 2,019 5,081
Applicable Income Taxes 459 1,163
Net Operating Income 1,359 3,580
Net Income 1,359 3,580
Cash Dividends Declared 175 1,534
Retained Earnings 1,184 1,881