Fidelity Bank
Dearborn, MI — Non-member Bank
Acquired Mar 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Fidelity Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 39,311 | 10,295 |
Income from Lease Financing Receivables | — | 0 |
13 | 38 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 15 |
Income on Loans and Leases (TE) | 39,311 | 10,320 |
Investment Interest Income (TE) | 1,419 | 1,117 |
Total Interest Income (TE) | 41,448 | 11,730 |
Total Interest Expense | 7,658 | 2,229 |
Net Interest Income (TE) | 33,790 | 9,404 |
Non-Interest Income | 225 | 2,062 |
Adjusted Operating Income (TE) | 34,015 | 11,773 |
Non-interest Expense | 28,333 | 8,433 |
Provision for Loan & Lease Losses | 28,656 | 1,475 |
Pretax Operating Income (TE) | -22,974 | 1,639 |
Pretax Net Operating Income (TE) | -22,642 | 1,675 |
Applicable Income Taxes | — | 307 |
Net Operating Income | -22,642 | 1,311 |
Net Income | -22,642 | 1,316 |
Cash Dividends Declared | — | 498 |
Retained Earnings | -22,642 | 606 |