Net Income Analysis ( % relative to Total Revenue )
Income Statement Firstbank - West Michigan All Insured Commercial Banks in Michigan
Interest and Fees on Loans 6,826 10,256
Income from Lease Financing Receivables — 0
63 35
Estimated Tax Benefit from Tax-Exempt Loan Income 32 18
Income on Loans and Leases (TE) 6,858 10,296
Investment Interest Income (TE) 901 1,156
Total Interest Income (TE) 7,835 11,722
Total Interest Expense 789 1,722
Net Interest Income (TE) 7,046 9,830
Non-Interest Income 1,302 3,028
Adjusted Operating Income (TE) 8,348 13,153
Non-interest Expense 7,000 9,145
Provision for Loan & Lease Losses 300 830
Pretax Operating Income (TE) 1,048 3,192
Pretax Net Operating Income (TE) 1,052 3,305
Applicable Income Taxes 137 543
Net Operating Income 791 2,472
Net Income 791 2,432
Cash Dividends Declared 6,000 817
Retained Earnings -5,209 1,400