Main Street Bank
Bingham Farms, MI — State Member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Main Street Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 9,627 | 10,938 |
Income from Lease Financing Receivables | — | 10 |
— | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 15 |
Income on Loans and Leases (TE) | 9,627 | 11,173 |
Investment Interest Income (TE) | 139 | 1,280 |
Total Interest Income (TE) | 9,861 | 12,846 |
Total Interest Expense | 1,632 | 1,055 |
Net Interest Income (TE) | 8,229 | 11,693 |
Non-Interest Income | 12,253 | 4,070 |
Adjusted Operating Income (TE) | 20,482 | 16,296 |
Non-interest Expense | 16,079 | 11,085 |
Provision for Loan & Lease Losses | 400 | 218 |
Pretax Operating Income (TE) | 4,003 | 4,891 |
Pretax Net Operating Income (TE) | 4,003 | 4,954 |
Applicable Income Taxes | 1,361 | 1,175 |
Net Operating Income | 2,642 | 3,652 |
Net Income | 2,642 | 3,589 |
Cash Dividends Declared | — | 1,687 |
Retained Earnings | 2,642 | 1,748 |