First Community Bank
Harbor Springs, MI — State Member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Community Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 11,976 | 10,938 |
Income from Lease Financing Receivables | — | 10 |
7 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 4 | 15 |
Income on Loans and Leases (TE) | 11,980 | 11,173 |
Investment Interest Income (TE) | 392 | 1,280 |
Total Interest Income (TE) | 12,474 | 12,846 |
Total Interest Expense | 449 | 1,055 |
Net Interest Income (TE) | 12,025 | 11,693 |
Non-Interest Income | 1,657 | 4,070 |
Adjusted Operating Income (TE) | 13,682 | 16,296 |
Non-interest Expense | 9,235 | 11,085 |
Provision for Loan & Lease Losses | 165 | 218 |
Pretax Operating Income (TE) | 4,282 | 4,891 |
Pretax Net Operating Income (TE) | 4,351 | 4,954 |
Applicable Income Taxes | — | 1,175 |
Net Operating Income | 4,320 | 3,652 |
Net Income | 4,320 | 3,589 |
Cash Dividends Declared | 4,141 | 1,687 |
Retained Earnings | 179 | 1,748 |