Firstbank - Lakeview
Lakeview, MI — Domestic Branch of a Domestic Bank
Acquired May 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Firstbank - Lakeview | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 1,674 | 3,216 |
Income from Lease Financing Receivables | — | 2,035 |
26 | 93 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 13 | 23 |
Income on Loans and Leases (TE) | 1,687 | 3,226 |
Investment Interest Income (TE) | 69 | 1,296 |
Total Interest Income (TE) | 1,800 | 3,476 |
Total Interest Expense | 791 | 1,692 |
Net Interest Income (TE) | 1,009 | 1,907 |
Non-Interest Income | 278 | 441 |
Adjusted Operating Income (TE) | 1,287 | 2,367 |
Non-interest Expense | 964 | 1,731 |
Provision for Loan & Lease Losses | 27 | 3,773 |
Pretax Operating Income (TE) | 296 | 1,055 |
Pretax Net Operating Income (TE) | 296 | 1,063 |
Applicable Income Taxes | 76 | 357 |
Net Operating Income | 193 | 726 |
Net Income | 193 | 726 |
Cash Dividends Declared | 950 | 911 |
Retained Earnings | — | 328 |