Net Income Analysis ( % relative to Total Revenue )
Income Statement Homestead Savings Bank All Insured Savings Banks in Michigan
Interest and Fees on Loans 2,318 45,618
Income from Lease Financing Receivables — 34
— 22
Estimated Tax Benefit from Tax-Exempt Loan Income — 11
Income on Loans and Leases (TE) 2,318 45,663
Investment Interest Income (TE) 89 7,154
Total Interest Income (TE) 2,488 53,741
Total Interest Expense 294 9,720
Net Interest Income (TE) 2,194 44,021
Non-Interest Income 655 45,416
Adjusted Operating Income (TE) 2,849 89,437
Non-interest Expense 3,345 57,756
Provision for Loan & Lease Losses 55 -740
Pretax Operating Income (TE) -551 32,421
Pretax Net Operating Income (TE) -551 32,822
Applicable Income Taxes 11 11,329
Net Operating Income -562 21,424
Net Income -562 21,424
Cash Dividends Declared — 19,867
Retained Earnings -562 1,558