Wells Fargo Bank Michigan, National Association
Marquette, MI — Domestic Branch of a Domestic Bank
Acquired Feb 2004
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 |