MyFinsight
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Income Statement
INDEPENDENT BANK CORP MI (IBCP)
source: myfinsight.com
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Interest and fees on loans
$59,535K
Taxable
$3,796K
Tax-exempt
$2,773K
Other investments
$774K
Total interest income
$66,878K
Net interest income
$44,615K
Service charges on
deposit accounts
$2,981K
Interchange income
$3,390K
Mortgage loan servicing,
net
$490K
Mortgage loans
$1,631K
Securities available for
sale
$11K
Other
$2,822K
Total interest
expense
$22,263K
Net interest income
after provision for...
$43,115K
Total non-interest
income
$11,325K
Provision for credit
losses
$1,500K
Other borrowings and
subordinated debt and...
$1,801K
Deposits
$20,462K
Income before income
tax
$20,678K
Total non-interest
expense
$33,762K
Net income
$16,877K
Income tax expense
$3,801K
Data processing
$3,847K
Interchange expense
$1,177K
Loan and collection
$744K
Advertising
$833K
Communications
$470K
Furniture, fixtures and
equipment
$793K
Fdic deposit
insurance
$637K
Compensation and employee
benefits
$21,123K
Occupancy, net
$2,046K
Other
$1,592K
Legal and
professional
$500K
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