Eastern Michigan Financial (Eastern Michigan Financial) Tax Rate % : 29.25% (As of Dec. 2006)

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What is Eastern Michigan Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Eastern Michigan Financial's Tax Expense for the six months ended in Dec. 2006 was $0.96 Mil. Eastern Michigan Financial's Pre-Tax Income for the six months ended in Dec. 2006 was $3.28 Mil. Therefore, Eastern Michigan Financial's Tax Rate % for the quarter that ended in Dec. 2006 was 29.25%.

Eastern Michigan Financial Tax Rate % Historical Data

The historical data trend for Eastern Michigan Financial's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Eastern Michigan Financial Tax Rate % Chart

Eastern Michigan Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Tax Rate %

31.00

27.44

30.60

31.08

29.25

Eastern Michigan Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06
Tax Rate %	31.00	27.44	30.60	31.08	29.25

Eastern Michigan Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Eastern Michigan Financial's Tax Rate % for the fiscal year that ended in Dec. 2006 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2006 )	/	Pre-Tax Income (A: Dec. 2006 )
	=	0.959	/	3.279
	=	29.25 %

Eastern Michigan Financial's Tax Rate % for the quarter that ended in Dec. 2006 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2006 )	/	Pre-Tax Income (Q: Dec. 2006 )
	=	0.959	/	3.279
	=	29.25 %

Eastern Michigan Financial Tax Rate % Related Terms

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Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Michigan Financial Corp (OTCPK:EFIN) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

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