The West Michigan Savings Bank
Bangor, MI — Domestic Branch of a Domestic Bank
Acquired Apr 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | The West Michigan Savings Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 155 | 2,447 |
Income from Lease Financing Receivables | — | 1 |
1 | 7 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 4 |
Income on Loans and Leases (TE) | 155 | 2,473 |
Investment Interest Income (TE) | 98 | 319 |
Total Interest Income (TE) | 254 | 2,873 |
Total Interest Expense | 16 | 259 |
Net Interest Income (TE) | 238 | 2,588 |
Non-Interest Income | 40 | 837 |
Adjusted Operating Income (TE) | 278 | 3,601 |
Non-interest Expense | 656 | 2,521 |
Provision for Loan & Lease Losses | — | 46 |
Pretax Operating Income (TE) | -378 | 1,020 |
Pretax Net Operating Income (TE) | -378 | 1,045 |
Applicable Income Taxes | — | 261 |
Net Operating Income | -378 | 726 |
Net Income | -378 | 719 |
Cash Dividends Declared | — | 254 |
Retained Earnings | -378 | 381 |