Net Income Analysis ( % relative to Total Revenue )
Income Statement Muskegon Commerce Bank All Insured Commercial Banks in Michigan
Interest and Fees on Loans 5,060 11,817
Income from Lease Financing Receivables — 8,865
— 347
Estimated Tax Benefit from Tax-Exempt Loan Income — 49
Income on Loans and Leases (TE) 5,060 11,846
Investment Interest Income (TE) 4 4,705
Total Interest Income (TE) 5,146 12,971
Total Interest Expense 2,772 5,709
Net Interest Income (TE) 2,374 7,592
Non-Interest Income 367 8,140
Adjusted Operating Income (TE) 2,741 9,261
Non-interest Expense 3,012 7,126
Provision for Loan & Lease Losses 5,639 4,449
Pretax Operating Income (TE) — 2,577
Pretax Net Operating Income (TE) — 2,470
Applicable Income Taxes — 1,838
Net Operating Income — 1,647
Net Income — 1,647
Cash Dividends Declared — 2,444
Retained Earnings — 585