Firstbank
Mt. Pleasant, MI — Domestic Branch of a Domestic Bank
Acquired Jul 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Firstbank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 10,422 | 2,437 |
Income from Lease Financing Receivables | — | 1 |
57 | 9 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 31 | 4 |
Income on Loans and Leases (TE) | 10,453 | 2,457 |
Investment Interest Income (TE) | 1,532 | 310 |
Total Interest Income (TE) | 12,072 | 2,828 |
Total Interest Expense | 945 | 281 |
Net Interest Income (TE) | 11,127 | 2,524 |
Non-Interest Income | 1,905 | 662 |
Adjusted Operating Income (TE) | 13,032 | 3,317 |
Non-interest Expense | 9,304 | 2,412 |
Provision for Loan & Lease Losses | — | 58 |
Pretax Operating Income (TE) | 3,728 | 819 |
Pretax Net Operating Income (TE) | 3,729 | 809 |
Applicable Income Taxes | 1,020 | 186 |
Net Operating Income | 2,458 | 559 |
Net Income | 2,458 | 554 |
Cash Dividends Declared | 2,300 | 202 |
Retained Earnings | 158 | 309 |