Summit Community Bank
East Lansing, MI — Domestic Branch of a Domestic Bank
Acquired Apr 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Summit Community Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 1,630 | 2,437 |
Income from Lease Financing Receivables | — | 1 |
— | 9 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 4 |
Income on Loans and Leases (TE) | 1,630 | 2,457 |
Investment Interest Income (TE) | 44 | 310 |
Total Interest Income (TE) | 1,707 | 2,828 |
Total Interest Expense | 175 | 281 |
Net Interest Income (TE) | 1,532 | 2,524 |
Non-Interest Income | 1,123 | 662 |
Adjusted Operating Income (TE) | 2,655 | 3,317 |
Non-interest Expense | 2,061 | 2,412 |
Provision for Loan & Lease Losses | 25 | 58 |
Pretax Operating Income (TE) | 569 | 819 |
Pretax Net Operating Income (TE) | 593 | 809 |
Applicable Income Taxes | 203 | 186 |
Net Operating Income | 387 | 559 |
Net Income | 387 | 554 |
Cash Dividends Declared | 340 | 202 |
Retained Earnings | 47 | 309 |