Net Income Analysis ( % relative to Total Revenue )
Income Statement Northstar Bank All Insured Commercial Banks in Michigan
Interest and Fees on Loans 22,383 10,938
Income from Lease Financing Receivables — 10
25 29
Estimated Tax Benefit from Tax-Exempt Loan Income 13 15
Income on Loans and Leases (TE) 22,396 11,173
Investment Interest Income (TE) 927 1,280
Total Interest Income (TE) 23,476 12,846
Total Interest Expense 2,021 1,055
Net Interest Income (TE) 21,455 11,693
Non-Interest Income 3,298 4,070
Adjusted Operating Income (TE) 24,753 16,296
Non-interest Expense 17,370 11,085
Provision for Loan & Lease Losses 100 218
Pretax Operating Income (TE) 7,283 4,891
Pretax Net Operating Income (TE) 7,283 4,954
Applicable Income Taxes — 1,175
Net Operating Income 7,197 3,652
Net Income 7,197 3,589
Cash Dividends Declared 3,879 1,687
Retained Earnings 3,318 1,748