INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Interest and Fee Income, Loans and Leases |
9.66 |
9.02 |
8.57 |
8.04 |
7.65 |
Interest and Dividend Income, Securities, Operating |
0.92 |
0.92 |
0.93 |
0.93 |
0.94 |
Other Interest and Dividend Income |
0.29 |
0.24 |
0.18 |
0.22 |
0.48 |
Total Interest Income |
10.87 |
10.18 |
9.68 |
9.20 |
9.07 |
Interest Expense, Deposits |
3.35 |
2.69 |
1.92 |
1.53 |
1.14 |
Interest Expense, Other |
0.26 |
0.30 |
0.41 |
0.11 |
0.07 |
Total Interest Expense |
3.61 |
3.00 |
2.33 |
1.64 |
1.21 |
Net Interest Income |
7.25 |
7.19 |
7.35 |
7.56 |
7.86 |
Provision
for loan losses |
0.71 |
0.18 |
0.33 |
0.24 |
0.29 |
Total Net Interest Income |
6.55 |
7.01 |
7.03 |
7.31 |
7.57 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
0.10 |
0.09 |
0.08 |
0.09 |
0.08 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.06 |
0.05 |
0.06 |
0.06 |
-0.13 |
Gain Loss On Sale Of Small Business Administration Loans |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.10 |
0.12 |
0.08 |
0.05 |
0.05 |
Other Non-Interest Income |
-0.07 |
-0.10 |
-0.05 |
-0.03 |
0.09 |
Software Maintenance Amortization And Other Non Interest Expense |
0.30 |
0.34 |
0.29 |
0.28 |
0.33 |
Total Noninterest Income |
0.49 |
0.50 |
0.46 |
0.44 |
0.43 |
Total Revenues |
7.04 |
7.51 |
7.49 |
7.75 |
8.00 |
Salaries & employee benefits, SGA |
7.96 |
0.22 |
0.25 |
2.75 |
4.65 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
0.41 |
0.43 |
0.40 |
0.41 |
0.40 |
Professional Fees |
0.14 |
0.15 |
0.13 |
0.14 |
0.11 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.09 |
0.10 |
0.09 |
0.08 |
0.06 |
Other Noninterest Expense |
0.68 |
0.62 |
0.62 |
0.58 |
0.54 |
Other loss/ -income |
-4.63 |
3.21 |
3.04 |
0.50 |
-1.25 |
Total Operating
Expenses |
4.65 |
4.72 |
4.52 |
4.46 |
4.52 |
Total Costs & Expenses |
8.26 |
7.72 |
6.85 |
6.10 |
5.73 |
Income /-loss before income taxes |
2.39 |
2.79 |
2.97 |
3.30 |
3.48 |
Income taxes expenses/-benefit |
0.56 |
0.67 |
0.71 |
0.80 |
0.84 |
Income after income taxes |
1.83 |
2.12 |
2.26 |
2.50 |
2.64 |
Net income/-loss
of other equity |
0.00 |
0.00 |
- |
- |
- |
Income /-loss after income taxes |
1.83 |
2.12 |
2.26 |
2.50 |
2.64 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
1.83 |
2.12 |
2.26 |
2.50 |
2.64 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
1.83 |
2.12 |
2.26 |
2.50 |
2.64 |