The First National Bank Of St. Ignace
St. Ignace, MI — National Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | The First National Bank Of St. Ignace | All Insured Commercial Banks in Michigan |
| Interest and Fees on Loans | 4,689 | 10,938 |
| Income from Lease Financing Receivables | — | 10 |
| — | 29 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 15 |
| Income on Loans and Leases (TE) | 4,689 | 11,173 |
| Investment Interest Income (TE) | 2,849 | 1,280 |
| Total Interest Income (TE) | 7,599 | 12,846 |
| Total Interest Expense | 1,212 | 1,055 |
| Net Interest Income (TE) | 6,387 | 11,693 |
| Non-Interest Income | 1,112 | 4,070 |
| Adjusted Operating Income (TE) | 7,499 | 16,296 |
| Non-interest Expense | 6,912 | 11,085 |
| Provision for Loan & Lease Losses | 60 | 218 |
| Pretax Operating Income (TE) | 527 | 4,891 |
| Pretax Net Operating Income (TE) | 752 | 4,954 |
| Applicable Income Taxes | -138 | 1,175 |
| Net Operating Income | 890 | 3,652 |
| Net Income | 890 | 3,589 |
| Cash Dividends Declared | 752 | 1,687 |
| Retained Earnings | 138 | 1,748 |