Net Income Analysis ( % relative to Total Revenue )
Income Statement Mackinac Savings Bank, F.S.B. All Insured Savings Banks in Florida
Interest and Fees on Loans 3,072 95,693
Income from Lease Financing Receivables — 8,333
— 51
Estimated Tax Benefit from Tax-Exempt Loan Income — 26
Income on Loans and Leases (TE) 3,072 104,053
Investment Interest Income (TE) — 2,782
Total Interest Income (TE) 3,488 108,467
Total Interest Expense 521 24,740
Net Interest Income (TE) 2,967 83,727
Non-Interest Income 2,335 21,573
Adjusted Operating Income (TE) 5,302 105,300
Non-interest Expense 4,872 74,014
Provision for Loan & Lease Losses -195 4,437
Pretax Operating Income (TE) 625 26,849
Pretax Net Operating Income (TE) 625 26,880
Applicable Income Taxes 16 9,719
Net Operating Income 609 17,035
Net Income 609 17,035
Cash Dividends Declared — 5,117
Retained Earnings 609 11,918