Mackinac Financial Corp.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 29,461 28,470 26,728 25,635
Cost of Revenue 3,468 3,946 4,530 5,607
Gross Profit - - - -
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 18,128 16,757 15,969 16,598
Non-Recurring Items - - - -
Other 1,675 945 2,300 6,500
Operating Income - - - -
Income From Continuing Operations
Add'l Income/Expense Items - - - -
Earnings Before Interest and Tax 6,190 6,822 3,929 (3,070)
Interest Expense 656 657 613 848
Earnings Before Tax 5,534 6,165 3,316 (3,918)
Income Tax (403) (922) 1,098 (3,500)
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 5,937 7,087 2,218 (418)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 5,937 7,087 2,218 (418)
Preferred Stock and Other Adjustments (308) (629) (766) (742)
Net Income Applicable to Common Shareholders 5,629 6,458 1,452 (1,160)