Home > First of America Bank - Northern Michigan > Income and Expense
First of America Bank - Northern Michigan, Income and Expense
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $48,231,000 | 721 |
| Total interest expense | $18,947,000 | 747 |
| Net interest income | $29,284,000 | 671 |
| Provision for loan and lease losses | $627,000 | 1,792 |
| Total noninterest income | $7,163,000 | 758 |
| Gross Fiduciary activities income | $1,447,000 | 450 |
| Service charges on deposit accounts | $2,156,000 | 639 |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $3,560,000 | 856 |
| Total noninterest expense | $23,843,000 | 728 |
| Salaries and employee benefits | $7,840,000 | 871 |
| Premises and equipment expense | $2,119,000 | 1,032 |
| Additional noninterest expense | $13,884,000 | 609 |
| Pre-tax net operating income | $11,977,000 | 608 |
| Securities gains (losses) | $413,000 | 1,022 |
| Applicable income taxes | $4,009,000 | 650 |
| Income before extraordinary items | $8,381,000 | 625 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $8,381,000 | 642 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $585,000 | 1,611 |
| Cash dividends | $5,600,000 | 436 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $8,100,160 | 602 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $50,349,000 | 778 |
| Total interest expense | $21,734,000 | 855 |
| Net interest income | $28,615,000 | 700 |
| Provision for loan and lease losses | $840,000 | 2,088 |
| Total noninterest income | $5,936,000 | 864 |
| Gross Fiduciary activities income | $1,302,000 | 482 |
| Service charges on deposit accounts | $1,701,000 | 779 |
| Trading account gains and fees | $0 | 504 |
| Additional Noninterest Income | $2,933,000 | 977 |
| Total noninterest expense | $23,115,000 | 757 |
| Salaries and employee benefits | $8,571,000 | 793 |
| Premises and equipment expense | $2,122,000 | 1,059 |
| Additional noninterest expense | $12,422,000 | 652 |
| Pre-tax net operating income | $10,596,000 | 603 |
| Securities gains (losses) | $420,000 | 1,240 |
| Applicable income taxes | $3,483,000 | 674 |
| Income before extraordinary items | $7,533,000 | 635 |
| Extraordinary gains, net | $-564,000 | 13,832 |
| Net income | $6,969,000 | 674 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $834,000 | 1,761 |
| Cash dividends | $5,625,000 | 342 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $7,247,400 | 600 |
* 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.