Lapeer County Bank & Trust Co.
Lapeer, MI — State Member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Lapeer County Bank & Trust Co. | All Insured Commercial Banks in Michigan |
| Interest and Fees on Loans | 10,613 | 10,938 |
| Income from Lease Financing Receivables | — | 10 |
| 28 | 29 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | 14 | 15 |
| Income on Loans and Leases (TE) | 10,627 | 11,173 |
| Investment Interest Income (TE) | 3,563 | 1,280 |
| Total Interest Income (TE) | 14,367 | 12,846 |
| Total Interest Expense | 664 | 1,055 |
| Net Interest Income (TE) | 13,703 | 11,693 |
| Non-Interest Income | 4,194 | 4,070 |
| Adjusted Operating Income (TE) | 17,897 | 16,296 |
| Non-interest Expense | 15,011 | 11,085 |
| Provision for Loan & Lease Losses | -300 | 218 |
| Pretax Operating Income (TE) | 3,186 | 4,891 |
| Pretax Net Operating Income (TE) | 3,387 | 4,954 |
| Applicable Income Taxes | 738 | 1,175 |
| Net Operating Income | 2,085 | 3,652 |
| Net Income | 2,085 | 3,589 |
| Cash Dividends Declared | 2,248 | 1,687 |
| Retained Earnings | -163 | 1,748 |