Southern Michigan Bank & Trust
Coldwater, MI — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Southern Michigan Bank & Trust | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 19,984 | 10,938 |
Income from Lease Financing Receivables | — | 10 |
195 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 98 | 15 |
Income on Loans and Leases (TE) | 20,082 | 11,173 |
Investment Interest Income (TE) | 2,267 | 1,280 |
Total Interest Income (TE) | 22,558 | 12,846 |
Total Interest Expense | 1,514 | 1,055 |
Net Interest Income (TE) | 21,044 | 11,693 |
Non-Interest Income | 6,734 | 4,070 |
Adjusted Operating Income (TE) | 27,778 | 16,296 |
Non-interest Expense | 18,759 | 11,085 |
Provision for Loan & Lease Losses | 100 | 218 |
Pretax Operating Income (TE) | 8,919 | 4,891 |
Pretax Net Operating Income (TE) | 9,021 | 4,954 |
Applicable Income Taxes | 2,389 | 1,175 |
Net Operating Income | 6,097 | 3,652 |
Net Income | 6,097 | 3,589 |
Cash Dividends Declared | 3,041 | 1,687 |
Retained Earnings | 3,056 | 1,748 |