New Liberty Bank
Plymouth, MI — Non-member Bank
Acquired May 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | New Liberty Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 1,279 | 2,873 |
Income from Lease Financing Receivables | 21 | 53 |
— | 39 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 14 |
Income on Loans and Leases (TE) | 1,300 | 2,880 |
Investment Interest Income (TE) | 5 | 360 |
Total Interest Income (TE) | 1,311 | 2,948 |
Total Interest Expense | 623 | 963 |
Net Interest Income (TE) | 688 | 2,095 |
Non-Interest Income | -219 | 428 |
Adjusted Operating Income (TE) | 469 | 2,585 |
Non-interest Expense | 924 | 1,924 |
Provision for Loan & Lease Losses | 1,400 | 1,288 |
Pretax Operating Income (TE) | -1,855 | 99 |
Pretax Net Operating Income (TE) | -1,855 | 139 |
Applicable Income Taxes | — | 105 |
Net Operating Income | -1,855 | 97 |
Net Income | -1,855 | 96 |
Cash Dividends Declared | — | 457 |
Retained Earnings | -1,855 | -19 |