Wolverine Bank, Federal Savings Bank
Midland, MI — Federal Savings Bank
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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 |