Net Income Analysis ( % relative to Total Revenue )
Income Statement Mercantile Bank Texas All Insured Commercial Banks in Texas
Interest and Fees on Loans 4,878 2,242
Income from Lease Financing Receivables — 414
— 58
Estimated Tax Benefit from Tax-Exempt Loan Income — 30
Income on Loans and Leases (TE) 4,878 2,260
Investment Interest Income (TE) 394 748
Total Interest Income (TE) 5,322 3,053
Total Interest Expense 481 641
Net Interest Income (TE) 4,841 2,401
Non-Interest Income 655 661
Adjusted Operating Income (TE) 5,496 3,105
Non-interest Expense 3,479 2,016
Provision for Loan & Lease Losses 833 272
Pretax Operating Income (TE) 1,184 2,098
Pretax Net Operating Income (TE) 1,184 2,138
Applicable Income Taxes 355 881
Net Operating Income 820 1,545
Net Income 820 1,545
Cash Dividends Declared — 1,221
Retained Earnings 820 1,078