Great Lakes Bank
Mentor, OH — Domestic Branch of a Domestic Bank
Acquired Dec 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Great Lakes Bank | All Insured Commercial Banks in Ohio |
Interest and Fees on Loans | 7,870 | 32,966 |
Income from Lease Financing Receivables | — | 48,295 |
— | 831 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 445 |
Income on Loans and Leases (TE) | 7,870 | 35,797 |
Investment Interest Income (TE) | 47 | 3,031 |
Total Interest Income (TE) | 8,149 | 14,594 |
Total Interest Expense | 2,276 | 5,708 |
Net Interest Income (TE) | 5,873 | 11,272 |
Non-Interest Income | 1,000 | 4,653 |
Adjusted Operating Income (TE) | 6,873 | 15,364 |
Non-interest Expense | 4,955 | 8,780 |
Provision for Loan & Lease Losses | 225 | 18,032 |
Pretax Operating Income (TE) | 1,693 | 55,162 |
Pretax Net Operating Income (TE) | 1,693 | 34,128 |
Applicable Income Taxes | 581 | 20,677 |
Net Operating Income | 1,112 | 22,980 |
Net Income | 1,112 | 22,865 |
Cash Dividends Declared | — | 32,350 |
Retained Earnings | 1,112 | 18,335 |