First Federal Of Northern Michigan
Alpena, MI — Savings & Loan Association
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Federal Of Northern Michigan | All Insured Savings Banks in Michigan |
Interest and Fees on Loans | 8,339 | 45,618 |
Income from Lease Financing Receivables | — | 34 |
1 | 22 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1 | 11 |
Income on Loans and Leases (TE) | 8,340 | 45,663 |
Investment Interest Income (TE) | 2,382 | 7,154 |
Total Interest Income (TE) | 10,842 | 53,741 |
Total Interest Expense | 1,311 | 9,720 |
Net Interest Income (TE) | 9,531 | 44,021 |
Non-Interest Income | 1,669 | 45,416 |
Adjusted Operating Income (TE) | 11,200 | 89,437 |
Non-interest Expense | 9,691 | 57,756 |
Provision for Loan & Lease Losses | 95 | -740 |
Pretax Operating Income (TE) | 1,414 | 32,421 |
Pretax Net Operating Income (TE) | 1,548 | 32,822 |
Applicable Income Taxes | 529 | 11,329 |
Net Operating Income | 971 | 21,424 |
Net Income | 971 | 21,424 |
Cash Dividends Declared | 2,500 | 19,867 |
Retained Earnings | -1,529 | 1,558 |