Signature Bank
Bad Axe, MI — Non-member Bank
Acquired Feb 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Signature Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 9,270 | 9,615 |
Income from Lease Financing Receivables | — | 3 |
9 | 32 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 5 | 16 |
Income on Loans and Leases (TE) | 9,275 | 9,705 |
Investment Interest Income (TE) | 547 | 1,255 |
Total Interest Income (TE) | 9,901 | 11,190 |
Total Interest Expense | 937 | 1,092 |
Net Interest Income (TE) | 8,964 | 9,984 |
Non-Interest Income | 861 | 2,913 |
Adjusted Operating Income (TE) | 9,825 | 13,513 |
Non-interest Expense | 8,730 | 9,703 |
Provision for Loan & Lease Losses | — | 167 |
Pretax Operating Income (TE) | 1,095 | 3,610 |
Pretax Net Operating Income (TE) | 1,095 | 3,637 |
Applicable Income Taxes | — | 820 |
Net Operating Income | 1,062 | 2,682 |
Net Income | 1,062 | 2,636 |
Cash Dividends Declared | — | 792 |
Retained Earnings | 1,062 | 1,611 |