Firstbank - West Branch
West Branch, MI — Domestic Branch of a Domestic Bank
Acquired Feb 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Firstbank - West Branch | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 11,397 | 10,256 |
Income from Lease Financing Receivables | — | 0 |
19 | 35 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 10 | 18 |
Income on Loans and Leases (TE) | 11,407 | 10,296 |
Investment Interest Income (TE) | 846 | 1,156 |
Total Interest Income (TE) | 12,334 | 11,722 |
Total Interest Expense | 1,211 | 1,722 |
Net Interest Income (TE) | 11,123 | 9,830 |
Non-Interest Income | 1,660 | 3,028 |
Adjusted Operating Income (TE) | 12,783 | 13,153 |
Non-interest Expense | 7,263 | 9,145 |
Provision for Loan & Lease Losses | 2,250 | 830 |
Pretax Operating Income (TE) | 3,270 | 3,192 |
Pretax Net Operating Income (TE) | 3,283 | 3,305 |
Applicable Income Taxes | 902 | 543 |
Net Operating Income | 2,217 | 2,472 |
Net Income | 2,217 | 2,432 |
Cash Dividends Declared | 1,950 | 817 |
Retained Earnings | 267 | 1,400 |