Net Income Analysis ( % relative to Total Revenue )
Income Statement Founders Bank & Trust All Insured Commercial Banks in Michigan
Interest and Fees on Loans 15,888 9,615
Income from Lease Financing Receivables — 3
15 32
Estimated Tax Benefit from Tax-Exempt Loan Income 8 16
Income on Loans and Leases (TE) 15,896 9,705
Investment Interest Income (TE) 2,083 1,255
Total Interest Income (TE) 18,207 11,190
Total Interest Expense 2,162 1,092
Net Interest Income (TE) 16,045 9,984
Non-Interest Income 5,853 2,913
Adjusted Operating Income (TE) 21,898 13,513
Non-interest Expense 14,867 9,703
Provision for Loan & Lease Losses 180 167
Pretax Operating Income (TE) 6,851 3,610
Pretax Net Operating Income (TE) 6,865 3,637
Applicable Income Taxes 1,504 820
Net Operating Income 5,000 2,682
Net Income 5,000 2,636
Cash Dividends Declared 6,218 792
Retained Earnings -1,218 1,611