Net Income Analysis ( % relative to Total Revenue )
Income Statement Wolverine Bank, Federal Savings Bank All Insured Savings Banks in Michigan
Interest and Fees on Loans 16,741 45,618
Income from Lease Financing Receivables — 34
— 22
Estimated Tax Benefit from Tax-Exempt Loan Income — 11
Income on Loans and Leases (TE) 16,741 45,663
Investment Interest Income (TE) 3 7,154
Total Interest Income (TE) 16,976 53,741
Total Interest Expense 3,882 9,720
Net Interest Income (TE) 13,094 44,021
Non-Interest Income 798 45,416
Adjusted Operating Income (TE) 13,892 89,437
Non-interest Expense 7,372 57,756
Provision for Loan & Lease Losses -760 -740
Pretax Operating Income (TE) 7,280 32,421
Pretax Net Operating Income (TE) 7,280 32,822
Applicable Income Taxes 2,604 11,329
Net Operating Income 4,676 21,424
Net Income 4,676 21,424
Cash Dividends Declared 4,500 19,867
Retained Earnings 176 1,558