State Savings Bank, Frankfort, Mich.
Frankfort, MI — Non-member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | State Savings Bank, Frankfort, Mich. | All Insured Commercial Banks in Michigan |
| Interest and Fees on Loans | 4,046 | 10,938 |
| Income from Lease Financing Receivables | — | 10 |
| — | 29 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 15 |
| Income on Loans and Leases (TE) | 4,046 | 11,173 |
| Investment Interest Income (TE) | 73 | 1,280 |
| Total Interest Income (TE) | 4,220 | 12,846 |
| Total Interest Expense | 163 | 1,055 |
| Net Interest Income (TE) | 4,057 | 11,693 |
| Non-Interest Income | 1,810 | 4,070 |
| Adjusted Operating Income (TE) | 5,867 | 16,296 |
| Non-interest Expense | 6,892 | 11,085 |
| Provision for Loan & Lease Losses | — | 218 |
| Pretax Operating Income (TE) | — | 4,891 |
| Pretax Net Operating Income (TE) | — | 4,954 |
| Applicable Income Taxes | — | 1,175 |
| Net Operating Income | — | 3,652 |
| Net Income | — | 3,589 |
| Cash Dividends Declared | — | 1,687 |
| Retained Earnings | — | 1,748 |