The Citizens State Bank Of Ontonagon
Ontonagon, MI — State Member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | The Citizens State Bank Of Ontonagon | All Insured Commercial Banks in Michigan |
| Interest and Fees on Loans | 921 | 10,938 |
| Income from Lease Financing Receivables | — | 10 |
| — | 29 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 15 |
| Income on Loans and Leases (TE) | 921 | 11,173 |
| Investment Interest Income (TE) | 537 | 1,280 |
| Total Interest Income (TE) | 1,669 | 12,846 |
| Total Interest Expense | 75 | 1,055 |
| Net Interest Income (TE) | 1,594 | 11,693 |
| Non-Interest Income | 182 | 4,070 |
| Adjusted Operating Income (TE) | 1,776 | 16,296 |
| Non-interest Expense | 1,448 | 11,085 |
| Provision for Loan & Lease Losses | 46 | 218 |
| Pretax Operating Income (TE) | 282 | 4,891 |
| Pretax Net Operating Income (TE) | 282 | 4,954 |
| Applicable Income Taxes | 35 | 1,175 |
| Net Operating Income | 204 | 3,652 |
| Net Income | 204 | 3,589 |
| Cash Dividends Declared | 17 | 1,687 |
| Retained Earnings | 187 | 1,748 |