FBMI Income Statement

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Interest Income:
Interest and fees on loans 13.28M
Securities
Taxable 962K
Exempt from Federal Income Tax 371K
Short term investments 55K
Total Interest Income 14.67M
Interest Expense:
Deposits 1.35M
FHLB advances and other borrowing 145K
Subordinated Debt 165K
Total Interest Expense 1.66M
Net Interest Income 13.01M
Provision for loan losses 1.28M
Net Interest Income after provision for loan losses 11.73M
Non-interest Income:
Service charges on deposit accounts 1.02M
Gain on sale of mortgage loans 1.56M
Mortgage servicing, net of amortization -136K
Gain/(loss) on trading account securities 0
Gain/(loss) on securities
Other 400K
Total Non-interest Income 2.9M
Non-interest Expense:
Salaries and employee benefits 5.92M
Occupancy and equipment 1.36M
FDIC insurance premium 259K
Amortization of intangibles 102K
Outside professional services 293K
Advertising and promotions 311K
Other real estate owned costs 163K
Other 2.2M
Total Non-interest Expense 10.6M
Income before federal income taxes 4.03M
Federal income taxes 1.17M
NET INCOME 2.86M
Preferred stock dividends and accretion of discount on preferred stock 209K
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 2.65M
COMPREHENSIVE INCOME
Net Income
Change in unrealized gain on securities, net of tax and reclassification effects
TOTAL COMPREHENSIVE INCOME
Basic Earnings Per Share (in Dollars per share) 0.33
Diluted Earnings Per Share (in Dollars per share) 0.33
Dividends Per Share (in Dollars per share) 0.06

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