Home > First of America Bank - Mid Michigan > Income and Expense
First of America Bank - Mid Michigan, Income and Expense
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $96,325,000 | 408 |
| Total interest expense | $35,913,000 | 458 |
| Net interest income | $60,412,000 | 373 |
| Provision for loan and lease losses | $466,000 | 2,209 |
| Total noninterest income | $14,837,000 | 465 |
| Gross Fiduciary activities income | $4,482,000 | 238 |
| Service charges on deposit accounts | $5,272,000 | 301 |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $5,083,000 | 661 |
| Total noninterest expense | $48,129,000 | 415 |
| Salaries and employee benefits | $14,870,000 | 512 |
| Premises and equipment expense | $4,398,000 | 553 |
| Additional noninterest expense | $28,861,000 | 359 |
| Pre-tax net operating income | $26,654,000 | 323 |
| Securities gains (losses) | $320,000 | 1,240 |
| Applicable income taxes | $8,815,000 | 342 |
| Income before extraordinary items | $18,159,000 | 333 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $18,159,000 | 344 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $304,000 | 2,456 |
| Cash dividends | $15,700,000 | 211 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $17,944,600 | 320 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $103,677,000 | 427 |
| Total interest expense | $44,642,000 | 482 |
| Net interest income | $59,035,000 | 386 |
| Provision for loan and lease losses | $1,392,000 | 1,488 |
| Total noninterest income | $13,247,000 | 494 |
| Gross Fiduciary activities income | $4,181,000 | 242 |
| Service charges on deposit accounts | $4,698,000 | 333 |
| Trading account gains and fees | $0 | 504 |
| Additional Noninterest Income | $4,368,000 | 743 |
| Total noninterest expense | $45,820,000 | 437 |
| Salaries and employee benefits | $15,318,000 | 484 |
| Premises and equipment expense | $4,274,000 | 594 |
| Additional noninterest expense | $26,228,000 | 386 |
| Pre-tax net operating income | $25,070,000 | 287 |
| Securities gains (losses) | $420,000 | 1,240 |
| Applicable income taxes | $8,092,000 | 328 |
| Income before extraordinary items | $17,398,000 | 305 |
| Extraordinary gains, net | $-1,024,000 | 13,864 |
| Net income | $16,374,000 | 326 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $830,000 | 1,769 |
| Cash dividends | $13,414,000 | 167 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $17,112,400 | 276 |
* 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.