Superior National Bank & Trust Company
Hancock, MI — National Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Superior National Bank & Trust Company | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 15,013 | 10,938 |
Income from Lease Financing Receivables | — | 10 |
47 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 24 | 15 |
Income on Loans and Leases (TE) | 15,037 | 11,173 |
Investment Interest Income (TE) | 7,572 | 1,280 |
Total Interest Income (TE) | 22,815 | 12,846 |
Total Interest Expense | 2,668 | 1,055 |
Net Interest Income (TE) | 20,147 | 11,693 |
Non-Interest Income | 3,634 | 4,070 |
Adjusted Operating Income (TE) | 23,781 | 16,296 |
Non-interest Expense | 14,094 | 11,085 |
Provision for Loan & Lease Losses | 1,213 | 218 |
Pretax Operating Income (TE) | 8,474 | 4,891 |
Pretax Net Operating Income (TE) | 8,492 | 4,954 |
Applicable Income Taxes | 1,781 | 1,175 |
Net Operating Income | 5,534 | 3,652 |
Net Income | 5,534 | 3,589 |
Cash Dividends Declared | 3,900 | 1,687 |
Retained Earnings | 1,634 | 1,748 |