Net Income Analysis ( % relative to Total Revenue )
Income Statement Republic Bank All Insured Commercial Banks in Michigan
Interest and Fees on Loans 69,749 4,179
Income from Lease Financing Receivables — 5,262
— 84
Estimated Tax Benefit from Tax-Exempt Loan Income — 44
Income on Loans and Leases (TE) 69,749 4,191
Investment Interest Income (TE) 15,425 2,638
Total Interest Income (TE) 86,165 4,132
Total Interest Expense 46,235 2,030
Net Interest Income (TE) 39,930 2,240
Non-Interest Income 7,598 552
Adjusted Operating Income (TE) 47,528 2,764
Non-interest Expense 19,803 1,928
Provision for Loan & Lease Losses 10,500 954
Pretax Operating Income (TE) 17,225 5,965
Pretax Net Operating Income (TE) 17,247 5,988
Applicable Income Taxes 4,676 2,153
Net Operating Income 11,485 3,988
Net Income 11,485 4,267
Cash Dividends Declared 10,000 3,423
Retained Earnings 1,485 2,918