Net Income Analysis ( % relative to Total Revenue )
Income Statement United Bank & Trust All Insured Commercial Banks in Michigan
Interest and Fees on Loans 15,801 4,783
Income from Lease Financing Receivables — 2
45 16
Estimated Tax Benefit from Tax-Exempt Loan Income 24 8
Income on Loans and Leases (TE) 15,825 4,822
Investment Interest Income (TE) 2,094 617
Total Interest Income (TE) 18,016 5,556
Total Interest Expense 951 548
Net Interest Income (TE) 17,065 4,949
Non-Interest Income 8,839 1,382
Adjusted Operating Income (TE) 25,904 6,644
Non-interest Expense 17,171 4,770
Provision for Loan & Lease Losses — 102
Pretax Operating Income (TE) 8,733 1,737
Pretax Net Operating Income (TE) 8,711 1,756
Applicable Income Taxes 2,712 378
Net Operating Income 5,839 1,227
Net Income 5,839 1,210
Cash Dividends Declared 6,000 356
Retained Earnings -161 662