Net Income Analysis ( % relative to Total Revenue )
Income Statement Wells Fargo Bank Michigan, National Association All Insured Commercial Banks in Michigan
Interest and Fees on Loans 20,023 10,606
Income from Lease Financing Receivables — 9,043
357 310
Estimated Tax Benefit from Tax-Exempt Loan Income 166 158
Income on Loans and Leases (TE) 20,189 10,672
Investment Interest Income (TE) 2,773 7,039
Total Interest Income (TE) 25,932 11,935
Total Interest Expense 6,175 3,827
Net Interest Income (TE) 19,757 8,206
Non-Interest Income 11,155 2,542
Adjusted Operating Income (TE) 30,912 10,626
Non-interest Expense 23,902 6,563
Provision for Loan & Lease Losses 1,000 6,140
Pretax Operating Income (TE) 6,010 27,716
Pretax Net Operating Income (TE) 6,074 29,382
Applicable Income Taxes 1,789 10,304
Net Operating Income 4,023 19,279
Net Income 4,023 19,395
Cash Dividends Declared — 12,868
Retained Earnings 4,023 10,425