Keystone Community Bank
Kalamazoo, MI — Domestic Branch of a Domestic Bank
Acquired Jul 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Keystone Community Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 2,056 | 2,437 |
Income from Lease Financing Receivables | — | 1 |
— | 9 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 4 |
Income on Loans and Leases (TE) | 2,056 | 2,457 |
Investment Interest Income (TE) | 157 | 310 |
Total Interest Income (TE) | 2,228 | 2,828 |
Total Interest Expense | 135 | 281 |
Net Interest Income (TE) | 2,093 | 2,524 |
Non-Interest Income | 171 | 662 |
Adjusted Operating Income (TE) | 2,264 | 3,317 |
Non-interest Expense | 1,678 | 2,412 |
Provision for Loan & Lease Losses | — | 58 |
Pretax Operating Income (TE) | 586 | 819 |
Pretax Net Operating Income (TE) | 586 | 809 |
Applicable Income Taxes | 184 | 186 |
Net Operating Income | 382 | 559 |
Net Income | 382 | 554 |
Cash Dividends Declared | 1,000 | 202 |
Retained Earnings | -618 | 309 |