Huron Valley State Bank
Milford, MI — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Huron Valley State Bank | All Insured Commercial Banks in Michigan |
| Interest and Fees on Loans | 5,094 | 10,938 |
| Income from Lease Financing Receivables | — | 10 |
| — | 29 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 15 |
| Income on Loans and Leases (TE) | 5,094 | 11,173 |
| Investment Interest Income (TE) | 92 | 1,280 |
| Total Interest Income (TE) | 5,217 | 12,846 |
| Total Interest Expense | 369 | 1,055 |
| Net Interest Income (TE) | 4,848 | 11,693 |
| Non-Interest Income | 553 | 4,070 |
| Adjusted Operating Income (TE) | 5,401 | 16,296 |
| Non-interest Expense | 3,476 | 11,085 |
| Provision for Loan & Lease Losses | 125 | 218 |
| Pretax Operating Income (TE) | 1,800 | 4,891 |
| Pretax Net Operating Income (TE) | 1,800 | 4,954 |
| Applicable Income Taxes | 603 | 1,175 |
| Net Operating Income | 1,172 | 3,652 |
| Net Income | 1,172 | 3,589 |
| Cash Dividends Declared | 236 | 1,687 |
| Retained Earnings | 936 | 1,748 |