Talmer West Bank
Ann Arbor, MI — Domestic Branch of a Domestic Bank
Acquired Aug 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Talmer West Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 17,231 | 4,912 |
Income from Lease Financing Receivables | — | 2 |
23 | 15 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 12 | 8 |
Income on Loans and Leases (TE) | 17,243 | 4,961 |
Investment Interest Income (TE) | 2,851 | 639 |
Total Interest Income (TE) | 20,252 | 5,768 |
Total Interest Expense | 1,003 | 502 |
Net Interest Income (TE) | 19,249 | 5,213 |
Non-Interest Income | 6,271 | 1,785 |
Adjusted Operating Income (TE) | 25,520 | 7,298 |
Non-interest Expense | 16,912 | 5,006 |
Provision for Loan & Lease Losses | 2,140 | 73 |
Pretax Operating Income (TE) | 6,468 | 2,174 |
Pretax Net Operating Income (TE) | 6,468 | 2,204 |
Applicable Income Taxes | 1,819 | 543 |
Net Operating Income | 4,153 | 1,541 |
Net Income | 4,153 | 1,517 |
Cash Dividends Declared | — | 449 |
Retained Earnings | 4,153 | 944 |