Midwest Guaranty Bank
Troy, MI — Domestic Branch of a Domestic Bank
Acquired Jun 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Midwest Guaranty Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 3,059 | 2,581 |
Income from Lease Financing Receivables | — | 1,781 |
— | 65 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 34 |
Income on Loans and Leases (TE) | 3,059 | 2,598 |
Investment Interest Income (TE) | 276 | 1,496 |
Total Interest Income (TE) | 3,349 | 2,903 |
Total Interest Expense | 567 | 866 |
Net Interest Income (TE) | 2,782 | 2,052 |
Non-Interest Income | 324 | 589 |
Adjusted Operating Income (TE) | 3,106 | 2,515 |
Non-interest Expense | 1,957 | 1,650 |
Provision for Loan & Lease Losses | 128 | 1,294 |
Pretax Operating Income (TE) | 1,021 | 4,280 |
Pretax Net Operating Income (TE) | 1,021 | 4,527 |
Applicable Income Taxes | 295 | 1,476 |
Net Operating Income | 675 | 3,028 |
Net Income | 675 | 3,028 |
Cash Dividends Declared | — | 3,857 |
Retained Earnings | 675 | 1,157 |