Traverse City State Bank
Traverse City, MI — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Traverse City State Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 11,287 | 10,938 |
Income from Lease Financing Receivables | 15 | 10 |
— | 29 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 15 |
Income on Loans and Leases (TE) | 11,302 | 11,173 |
Investment Interest Income (TE) | 164 | 1,280 |
Total Interest Income (TE) | 11,783 | 12,846 |
Total Interest Expense | 1,047 | 1,055 |
Net Interest Income (TE) | 10,736 | 11,693 |
Non-Interest Income | 4,056 | 4,070 |
Adjusted Operating Income (TE) | 14,792 | 16,296 |
Non-interest Expense | 10,071 | 11,085 |
Provision for Loan & Lease Losses | 800 | 218 |
Pretax Operating Income (TE) | 3,921 | 4,891 |
Pretax Net Operating Income (TE) | 3,921 | 4,954 |
Applicable Income Taxes | 1,245 | 1,175 |
Net Operating Income | 2,636 | 3,652 |
Net Income | 2,636 | 3,589 |
Cash Dividends Declared | — | 1,687 |
Retained Earnings | 2,636 | 1,748 |