Fsb Bank
Breckenridge, MI — Domestic Branch of a Domestic Bank
Acquired Apr 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Fsb Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 3,001 | 4,179 |
Income from Lease Financing Receivables | — | 5,262 |
— | 84 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 44 |
Income on Loans and Leases (TE) | 3,001 | 4,191 |
Investment Interest Income (TE) | 577 | 2,638 |
Total Interest Income (TE) | 3,777 | 4,132 |
Total Interest Expense | 1,612 | 2,030 |
Net Interest Income (TE) | 2,165 | 2,240 |
Non-Interest Income | 285 | 552 |
Adjusted Operating Income (TE) | 2,450 | 2,764 |
Non-interest Expense | 1,487 | 1,928 |
Provision for Loan & Lease Losses | 40 | 954 |
Pretax Operating Income (TE) | 923 | 5,965 |
Pretax Net Operating Income (TE) | 909 | 5,988 |
Applicable Income Taxes | 184 | 2,153 |
Net Operating Income | 612 | 3,988 |
Net Income | 612 | 4,267 |
Cash Dividends Declared | 375 | 3,423 |
Retained Earnings | 237 | 2,918 |