Sterling Bank And Trust, Fsb
Southfield, MI — Federal Savings Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sterling Bank And Trust, Fsb | All Insured Savings Banks in Michigan |
Interest and Fees on Loans | 90,333 | 45,618 |
Income from Lease Financing Receivables | — | 34 |
— | 22 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 11 |
Income on Loans and Leases (TE) | 90,333 | 45,663 |
Investment Interest Income (TE) | 457 | 7,154 |
Total Interest Income (TE) | 91,583 | 53,741 |
Total Interest Expense | 13,867 | 9,720 |
Net Interest Income (TE) | 77,716 | 44,021 |
Non-Interest Income | 11,840 | 45,416 |
Adjusted Operating Income (TE) | 89,556 | 89,437 |
Non-interest Expense | 27,685 | 57,756 |
Provision for Loan & Lease Losses | 1,280 | -740 |
Pretax Operating Income (TE) | 60,591 | 32,421 |
Pretax Net Operating Income (TE) | 59,693 | 32,822 |
Applicable Income Taxes | 23,936 | 11,329 |
Net Operating Income | 35,757 | 21,424 |
Net Income | 35,757 | 21,424 |
Cash Dividends Declared | 10,067 | 19,867 |
Retained Earnings | 25,690 | 1,558 |