Fidelity Bank
Birmingham, MI — Domestic Branch of a Domestic Bank
Acquired Jan 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Fidelity Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 14,240 | 13,781 |
Income from Lease Financing Receivables | — | 18,605 |
— | 288 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 146 |
Income on Loans and Leases (TE) | 14,240 | 13,820 |
Investment Interest Income (TE) | 1,338 | 8,728 |
Total Interest Income (TE) | 16,087 | 14,798 |
Total Interest Expense | 4,839 | 6,597 |
Net Interest Income (TE) | 11,248 | 8,651 |
Non-Interest Income | 1,128 | 1,864 |
Adjusted Operating Income (TE) | 12,376 | 10,597 |
Non-interest Expense | 7,540 | 6,738 |
Provision for Loan & Lease Losses | 400 | 2,771 |
Pretax Operating Income (TE) | 4,436 | 21,429 |
Pretax Net Operating Income (TE) | 4,436 | 20,699 |
Applicable Income Taxes | — | 7,030 |
Net Operating Income | 4,260 | 14,009 |
Net Income | 4,260 | 16,077 |
Cash Dividends Declared | 3,475 | 12,509 |
Retained Earnings | 785 | 7,260 |