Monarch Community Bank
Coldwater, MI — Domestic Branch of a Domestic Bank
Acquired May 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Monarch Community Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 1,691 | 2,447 |
Income from Lease Financing Receivables | — | 1 |
— | 7 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 4 |
Income on Loans and Leases (TE) | 1,691 | 2,473 |
Investment Interest Income (TE) | 40 | 319 |
Total Interest Income (TE) | 1,748 | 2,873 |
Total Interest Expense | 111 | 259 |
Net Interest Income (TE) | 1,637 | 2,588 |
Non-Interest Income | 659 | 837 |
Adjusted Operating Income (TE) | 2,296 | 3,601 |
Non-interest Expense | 5,288 | 2,521 |
Provision for Loan & Lease Losses | — | 46 |
Pretax Operating Income (TE) | -2,992 | 1,020 |
Pretax Net Operating Income (TE) | -2,895 | 1,045 |
Applicable Income Taxes | 20 | 261 |
Net Operating Income | -2,915 | 726 |
Net Income | -2,915 | 719 |
Cash Dividends Declared | — | 254 |
Retained Earnings | -2,915 | 381 |