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Mackinac Financial Corp  (MFNC)
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    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

Mackinac Financial Corp Income Statement Quarterly

MFNC


Select the Financial Report:   Period:   Fiscal Year:

INCOME STATEMENT
(Quarterly GAAP In millions $)

(Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
(Dec 31 2020)
IV. Quarter
(Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
Interest and Dividend Income, Securities 0.64 0.67 0.70 0.67 0.71
Other Interest and Dividend Income 0.12 0.08 0.11 0.12 0.13
Other Income 13.43 14.14 14.42 13.90 15.60
Total Interest Income 14.19 14.89 15.24 14.69 16.44
Interest Expense, Deposits 0.72 0.89 1.07 1.35 1.71
Interest Expense, Borrowings 0.20 0.23 0.27 0.28 0.28
Total Interest Expense 0.92 1.11 1.34 1.64 1.98
Net Interest Income 13.27 13.78 13.90 13.05 14.46
Provision for loan losses 0.05 0.05 0.40 0.40 0.10
Total Net Interest Income 13.22 13.73 13.50 12.65 14.36
Service Fees, Investment Banking, Brokerage and Other Transactions - - - - -
Revenue From Contract With Customer Including Assessed Tax 0.27 0.26 0.23 0.26 0.24
Profit (Loss) from Real Estate Operations - - - - -
Noninterest Income, Other 0.15 0.13 0.23 0.17 0.14
Mortgage Servicing Rights - - - - -
Gain On Sale Of Loan 0.87 0.43 0.27 0.48 0.27
Loss/ -Gain on Investment 0.98 1.30 1.92 1.97 1.51
Other Non-Interest Income -0.35 -0.12 -0.60 -0.15 -0.23
Loan And Deposit Expense 0.42 0.45 0.77 0.41 0.41
Writedown Of Other Real Estate And Gains Losses On Sale 0.08 -0.05 -0.04 -0.02 0.03
Total Noninterest Income 2.42 2.40 2.78 3.12 2.37
Total Revenues 15.64 16.13 16.28 15.77 16.73
Salaries & employee benefits, SGA 6.48 6.94 6.75 6.66 7.32
Restructuring, Accretion & impairment charges 0.50 - - - -
Real Estate, Other Assets Expense - - - - -
Communications, Occupancy and Information Technology 2.06 2.19 1.94 2.21 2.08
Professional Fees 0.52 0.50 0.30 0.47 0.57
Policyholder Benefits and Claims Incurred, Net - - - - -
Equipment, Postage and Supplies Net - - - - -
Federal Deposit Insurance Corporation Premium Expense 0.15 0.14 0.13 0.14 0.17
Other Noninterest Expense - - - - -
Other loss/ -income 2.21 2.08 2.55 2.09 2.21
Total Operating Expenses 11.91 11.85 11.66 11.56 12.35
Total Costs & Expenses 12.84 12.96 13.00 13.20 14.34
Income /-loss before income taxes 3.73 4.28 4.61 4.21 4.37
Income taxes expenses/-benefit 0.78 0.40 0.97 0.88 0.92
Income after income taxes 2.95 3.88 3.64 3.32 3.45
Net income/-loss of other equity 0.00 0.00 - - -
Income /-loss after income taxes 2.95 3.88 3.64 3.32 3.45
Noncontrolling Interests - - - - -
Discontinued Operations - - - - -
Extraordinary Items - - - - -
Net Income/-loss 2.95 3.88 3.64 3.32 3.45
   Noncontrolling interests - - - - -
   Prefered dividends - - - - -
   Other - - - - -
Income/-loss to shareholder 2.95 3.88 3.64 3.32 3.45


Per Share (GAAP Quarterly, in $) (Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
(Dec 31 2020)
IV. Quarter
(Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
Basic EPS (excl. extra items) 0.28 0.37 0.34 0.32 0.33
   Extraordinary items 0.00 0.00 0.00 0.00 0.00
Basic Net EPS 0.28 0.37 0.34 0.32 0.33
Basic shares outstanding (Mill. of Units) 10.52 10.49 10.68 10.39 10.47
   EPS other shares - - - - -
Diluted Net EPS 0.28 0.37 0.34 0.32 0.33
Diluted average shares (Mill. of Units) 10.52 10.49 10.68 10.39 10.47
Dividend per share 0.14 0.141 0.138 0.142 0.141



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