The State Bank
Fenton, MI — Non-member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The State Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 18,106 | 10,938 |
Income from Lease Financing Receivables | — | 10 |
42 | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 22 | 15 |
Income on Loans and Leases (TE) | 18,128 | 11,173 |
Investment Interest Income (TE) | 514 | 1,280 |
Total Interest Income (TE) | 18,714 | 12,846 |
Total Interest Expense | 1,837 | 1,055 |
Net Interest Income (TE) | 16,877 | 11,693 |
Non-Interest Income | 6,974 | 4,070 |
Adjusted Operating Income (TE) | 23,851 | 16,296 |
Non-interest Expense | 16,179 | 11,085 |
Provision for Loan & Lease Losses | -900 | 218 |
Pretax Operating Income (TE) | 8,572 | 4,891 |
Pretax Net Operating Income (TE) | 8,572 | 4,954 |
Applicable Income Taxes | 2,929 | 1,175 |
Net Operating Income | 5,570 | 3,652 |
Net Income | 5,570 | 3,589 |
Cash Dividends Declared | — | 1,687 |
Retained Earnings | 5,570 | 1,748 |