Home > First Federal of Michigan > Income and Expense
First Federal of Michigan, Income and Expense
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $604,259,000 | 84 |
| Total interest expense | $355,344,000 | 47 |
| Net interest income | $248,915,000 | 123 |
| Provision for loan and lease losses | $150,000 | 3,586 |
| Total noninterest income | $4,195,000 | 1,041 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $610,000 | 139 |
| Additional Noninterest Income | $3,585,000 | 783 |
| Total noninterest expense | $197,086,000 | 146 |
| Salaries and employee benefits | $38,714,000 | 238 |
| Premises and equipment expense | $12,289,000 | 248 |
| Additional noninterest expense | $146,083,000 | 94 |
| Pre-tax net operating income | $55,874,000 | 227 |
| Securities gains (losses) | $10,320,000 | 19 |
| Applicable income taxes | $26,483,000 | 176 |
| Income before extraordinary items | $39,711,000 | 212 |
| Extraordinary gains, net | $-146,835,000 | 12,606 |
| Net income | $-107,124,000 | 12,602 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $6,215,000 | 259 |
| Cash dividends | $11,250,000 | 317 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,160 |
| Net operating income | $33,106,200 | 244 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $690,793,000 | 63 |
| Total interest expense | $372,106,000 | 37 |
| Net interest income | $318,687,000 | 89 |
| Provision for loan and lease losses | $2,400,000 | 714 |
| Total noninterest income | $20,294,000 | 378 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $20,294,000 | 271 |
| Total noninterest expense | $278,578,000 | 93 |
| Salaries and employee benefits | $37,997,000 | 235 |
| Premises and equipment expense | $12,488,000 | 240 |
| Additional noninterest expense | $228,093,000 | 60 |
| Pre-tax net operating income | $58,003,000 | 186 |
| Securities gains (losses) | $4,986,000 | 154 |
| Applicable income taxes | $21,519,000 | 168 |
| Income before extraordinary items | $41,470,000 | 187 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $41,470,000 | 192 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $2,892,000 | 576 |
| Cash dividends | $7,500,000 | 350 |
| Sale, conversion, retirement of capital stock, net | $23,358,000 | 64 |
| Net operating income | $38,179,240 | 189 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $742,135,000 | 56 |
| Total interest expense | $466,004,000 | 32 |
| Net interest income | $276,131,000 | 92 |
| Provision for loan and lease losses | $5,995,000 | 533 |
| Total noninterest income | $27,224,000 | 316 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 504 |
| Additional Noninterest Income | $27,224,000 | 212 |
| Total noninterest expense | $262,301,000 | 95 |
| Salaries and employee benefits | $35,866,000 | 243 |
| Premises and equipment expense | $13,193,000 | 234 |
| Additional noninterest expense | $213,242,000 | 57 |
| Pre-tax net operating income | $35,059,000 | 218 |
| Securities gains (losses) | $14,580,000 | 89 |
| Applicable income taxes | $14,698,000 | 195 |
| Income before extraordinary items | $34,941,000 | 180 |
| Extraordinary gains, net | $7,000,000 | 28 |
| Net income | $41,941,000 | 158 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $2,744,000 | 781 |
| Cash dividends | $0 | 8,912 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $24,735,000 | 205 |
* The data above is accumulated from the beginning of the year to the date posted. The data for Dec. 31 is the number for the entire year.