Warren Bank
Warren, MI — State Member Bank
Acquired Oct 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Warren Bank | All Insured Commercial Banks in Michigan |
Interest and Fees on Loans | 14,882 | 8,471 |
Income from Lease Financing Receivables | — | 314 |
— | 114 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 45 |
Income on Loans and Leases (TE) | 14,882 | 8,493 |
Investment Interest Income (TE) | 3,474 | 1,427 |
Total Interest Income (TE) | 18,491 | 9,248 |
Total Interest Expense | 13,418 | 3,471 |
Net Interest Income (TE) | 5,073 | 5,972 |
Non-Interest Income | 2,913 | 2,355 |
Adjusted Operating Income (TE) | 7,986 | 7,850 |
Non-interest Expense | 15,708 | 5,957 |
Provision for Loan & Lease Losses | 20,100 | 3,856 |
Pretax Operating Income (TE) | — | 1,869 |
Pretax Net Operating Income (TE) | — | 1,984 |
Applicable Income Taxes | — | 944 |
Net Operating Income | — | 1,402 |
Net Income | — | 1,371 |
Cash Dividends Declared | — | 729 |
Retained Earnings | — | 1,005 |