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