Peoples State Bank
Hamtramck, MI — Non-member Bank
Acquired Feb 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Peoples State Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 18,570 | 10,734 |
Income from Lease Financing Receivables | — | 0 |
1 | 42 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 13 |
Income on Loans and Leases (TE) | 18,570 | 10,758 |
Investment Interest Income (TE) | 1,998 | 1,120 |
Total Interest Income (TE) | 20,657 | 12,192 |
Total Interest Expense | 4,713 | 3,102 |
Net Interest Income (TE) | 15,944 | 9,043 |
Non-Interest Income | 2,703 | 2,150 |
Adjusted Operating Income (TE) | 18,647 | 11,409 |
Non-interest Expense | 17,722 | 8,248 |
Provision for Loan & Lease Losses | 19,251 | 2,798 |
Pretax Operating Income (TE) | -18,326 | 390 |
Pretax Net Operating Income (TE) | -18,163 | 498 |
Applicable Income Taxes | 5 | 329 |
Net Operating Income | -18,168 | 182 |
Net Income | -18,168 | 179 |
Cash Dividends Declared | — | 342 |
Retained Earnings | -18,168 | -456 |