The Shelby State Bank
Shelby, MI — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | The Shelby State Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 7,099 | 10,938 |
Income from Lease Financing Receivables | — | 10 |
14 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 7 | 15 |
Income on Loans and Leases (TE) | 7,106 | 11,173 |
Investment Interest Income (TE) | 1,287 | 1,280 |
Total Interest Income (TE) | 8,442 | 12,846 |
Total Interest Expense | 495 | 1,055 |
Net Interest Income (TE) | 7,947 | 11,693 |
Non-Interest Income | 3,762 | 4,070 |
Adjusted Operating Income (TE) | 11,709 | 16,296 |
Non-interest Expense | 9,412 | 11,085 |
Provision for Loan & Lease Losses | — | 218 |
Pretax Operating Income (TE) | 2,297 | 4,891 |
Pretax Net Operating Income (TE) | 2,425 | 4,954 |
Applicable Income Taxes | 466 | 1,175 |
Net Operating Income | 1,709 | 3,652 |
Net Income | 1,709 | 3,589 |
Cash Dividends Declared | 966 | 1,687 |
Retained Earnings | 743 | 1,748 |