Mbank
Manistique, MI — Non-member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Mbank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 36,070 | 10,938 |
Income from Lease Financing Receivables | 64 | 10 |
64 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 31 | 15 |
Income on Loans and Leases (TE) | 36,165 | 11,173 |
Investment Interest Income (TE) | 1,649 | 1,280 |
Total Interest Income (TE) | 38,115 | 12,846 |
Total Interest Expense | 4,171 | 1,055 |
Net Interest Income (TE) | 33,944 | 11,693 |
Non-Interest Income | 4,029 | 4,070 |
Adjusted Operating Income (TE) | 37,973 | 16,296 |
Non-interest Expense | 28,245 | 11,085 |
Provision for Loan & Lease Losses | 600 | 218 |
Pretax Operating Income (TE) | 9,128 | 4,891 |
Pretax Net Operating Income (TE) | 9,278 | 4,954 |
Applicable Income Taxes | 3,090 | 1,175 |
Net Operating Income | 6,049 | 3,652 |
Net Income | 6,049 | 3,589 |
Cash Dividends Declared | 11,825 | 1,687 |
Retained Earnings | -5,776 | 1,748 |