Mackinac Financial (MFNC) Quarterly Income Statement

Quarterly · GAAP · USD millions
Access MFNC Annual Income Statement →
Reviewing income statement figures over time helps illustrate how Mackinac Financial generates earnings and manages operating expenses.
Quarterly Report, GAAP in USD millions
ITEM
(Jun 30 2021)
Q2 2021
(Mar 31 2021) (Dec 31 2020) (Sep 30 2020) (Jun 30 2020)
Revenues
Interest and Dividend Income, Securities, Operating0.64
Other Interest and Dividend Income0.12
Other Income13.43
Total Interest Income14.19
Interest Expense, Deposits0.72
Interest Expense, Borrowings0.20
Total Interest Expense0.92
Net Interest Income13.27
Provision for loan losses0.05
Total Net Interest Income13.22
Revenue From Contract With Customer Including Assessed Tax0.27
Noninterest Income, Other0.15
Loss / Gain on Investment0.98
Other Non-Interest Income-0.35
Total Non-interest Income2.42
Total Revenues15.64
Costs & Expenses
Salaries & employee benefits, SGA6.48
Restructuring, Accretion & impairment charges0.50
Depreciation & Amortization0.00
Communications, Occupancy and Information Technology2.06
Professional Fees0.52
Federal Deposit Insurance Corporation Premium Expense0.15
Other loss /-income2.21
Total Operating Expenses11.91
Total Costs & Expenses12.84
Income & Taxes
Income /-loss before income taxes3.73
Income taxes expenses/-benefit0.78
Income after income taxes2.95
Net income/-loss of other equity0.00
Income /-loss after income taxes2.95
Net Income/-loss2.95
Income/-loss to shareholder2.95
Earnings Per Share
Basic EPS (excl. extra items)0.28
Basic Net EPS0.28
Basic shares outstanding (Mill. of Units)10.55
Diluted Net EPS0.28
Diluted average shares (Mill. of Units)10.62
Dividend per share0.14
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About MFNC Quarterly Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-Q filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-Q filings
  • Filed with the SEC: n/a

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.