Northwestern Bank
Traverse City, MI — Domestic Branch of a Domestic Bank
Acquired Nov 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Northwestern Bank | All Insured Savings Banks in Michigan |
Interest and Fees on Loans | 17,492 | 23,733 |
Income from Lease Financing Receivables | — | 20 |
3 | 1 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 2 | 1 |
Income on Loans and Leases (TE) | 17,494 | 23,753 |
Investment Interest Income (TE) | 1,633 | 2,863 |
Total Interest Income (TE) | 19,438 | 27,398 |
Total Interest Expense | 905 | 3,048 |
Net Interest Income (TE) | 18,533 | 24,349 |
Non-Interest Income | 13,979 | 24,438 |
Adjusted Operating Income (TE) | 32,512 | 48,787 |
Non-interest Expense | 26,771 | 44,752 |
Provision for Loan & Lease Losses | 725 | 10,711 |
Pretax Operating Income (TE) | 5,016 | -6,676 |
Pretax Net Operating Income (TE) | 5,016 | -6,421 |
Applicable Income Taxes | 1,699 | -1,690 |
Net Operating Income | 3,298 | -4,749 |
Net Income | 3,298 | -4,749 |
Cash Dividends Declared | — | 699 |
Retained Earnings | 3,298 | -5,448 |