Mackinac Financial (MFNC) Income Statement

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Taxable	9.44M
Tax-exempt	19K
Taxable	387K
Tax-exempt	57K
Other interest income	91K
Total interest income	10M
Deposits	870K
Borrowings	429K
Total interest expense	1.3M
Net interest income	8.7M
Provision for loan losses	200K
Net interest income after provision for loan losses	8.5M
Service fees	259K
Net security gains (losses)
Income from loans sold	512K
Mortgage servicing rights
Other	139K
Total other income	1.49M
Salaries and employee benefits	3.69M
Occupancy	680K
Furniture and equipment	440K
Data processing	440K
Professional service fees	309K
Loan and deposit	152K
ORE Writedowns and losses on sale	60K
FDIC Insurance Assessment	131K
Telephone	140K
Advertising	157K
Other	730K
Total other expenses	7.29M
Income (Loss) before provision for income taxes	2.7M
Provision for (benefit of) income taxes	922K
NET INCOME
Preferred dividend expense
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS	1.78M
Basic	0.29
Diluted	0.28

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