The Bank Of Holland
Holland, MI — Domestic Branch of a Domestic Bank
Acquired Nov 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Bank Of Holland | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 10,345 | 7,332 |
Income from Lease Financing Receivables | — | 4 |
34 | 22 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 18 | 11 |
Income on Loans and Leases (TE) | 10,363 | 7,413 |
Investment Interest Income (TE) | 192 | 919 |
Total Interest Income (TE) | 10,599 | 8,588 |
Total Interest Expense | 1,278 | 751 |
Net Interest Income (TE) | 9,321 | 7,752 |
Non-Interest Income | 584 | 2,625 |
Adjusted Operating Income (TE) | 9,905 | 10,755 |
Non-interest Expense | 4,730 | 7,376 |
Provision for Loan & Lease Losses | — | 95 |
Pretax Operating Income (TE) | 5,175 | 3,286 |
Pretax Net Operating Income (TE) | 5,175 | 3,325 |
Applicable Income Taxes | 1,394 | 816 |
Net Operating Income | 3,761 | 2,327 |
Net Income | 3,761 | 2,289 |
Cash Dividends Declared | — | 628 |
Retained Earnings | 3,761 | 1,352 |