Sturgis Bank & Trust Company
Sturgis, MI — State Savings Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sturgis Bank & Trust Company | All Insured Savings Banks in Michigan |
Interest and Fees on Loans | 12,571 | 45,618 |
Income from Lease Financing Receivables | — | 34 |
13 | 22 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 6 | 11 |
Income on Loans and Leases (TE) | 12,577 | 45,663 |
Investment Interest Income (TE) | 1,722 | 7,154 |
Total Interest Income (TE) | 14,701 | 53,741 |
Total Interest Expense | 1,720 | 9,720 |
Net Interest Income (TE) | 12,981 | 44,021 |
Non-Interest Income | 5,041 | 45,416 |
Adjusted Operating Income (TE) | 18,022 | 89,437 |
Non-interest Expense | 13,595 | 57,756 |
Provision for Loan & Lease Losses | 357 | -740 |
Pretax Operating Income (TE) | 4,070 | 32,421 |
Pretax Net Operating Income (TE) | 4,071 | 32,822 |
Applicable Income Taxes | 757 | 11,329 |
Net Operating Income | 2,858 | 21,424 |
Net Income | 2,858 | 21,424 |
Cash Dividends Declared | 1,466 | 19,867 |
Retained Earnings | 1,392 | 1,558 |