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Income Statement

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 2012 Y2013 Y2014 Y2015 Y2016 Q3 YTD
Source Document12/31/201312/31/201412/31/201512/31/20159/30/2016
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Interest and Dividend Income 
Loans 13,86313,15014,40915,37212,446
Investment securities and other 293252198244304
Total interest and dividend income 14,15613,40214,60715,61612,750
Interest Expense 
Deposits 1,2308321,1061,4511,525
Borrowings 2,5102,3582,0382,0001,386
Total interest expense 3,7403,1903,1443,4512,911
Net Interest Income 10,41610,21211,46312,1659,839
Provision (Credit) for Loan Losses 2,2058301,020800(760)
Net Interest Income After Provision for Loan Losses 8,2119,38210,44311,36510,599
Noninterest Income 
Service charges and fees 232228239297196
Net gain on loan sales 2,5731,525585660359
Net gain (loss) on sale of real estate owned (124)3(37)(116)21
Gain on the sale of premises and equipment NA07470NA
Other 211219148382226
Total noninterest income 2,8921,9751,6821,223802
Noninterest Expense 
Salaries and employee benefits 5,0815,4474,6374,5413,642
Net occupancy and equipment expense 795876883811620
Information technology expense 222230238236185
Federal deposit insurance corporation premiums 202219206217166
Professional and services fees 532442491398390
Other real estate owned expense 23581855036
Loan legal expense (recovery) 200140593220
Advertising expense 24126817314486
Michigan business tax 165186181186150
Other 1,0371,1051,063953684
Total noninterest expense 8,7108,9948,0167,8585,959
Income Before Income Tax 2,3932,3634,1094,7305,442
Provision for Income Taxes 8378041,4261,5441,908
Net Income and Comprehensive Income 1,5561,5592,6833,1863,534
Earnings Per Share 
Basic 0.630.691.281.571.77
Diluted 0.630.691.271.551.74


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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