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 |
303.49 |
304.70 |
292.01 |
271.96 |
250.26 |
Interest and Dividend Income, Securities |
0.33 |
0.33 |
0.34 |
0.34 |
-10.95 |
Interest Income, Federal Funds Sold |
- |
- |
- |
- |
0.08 |
Interest Income, Deposits with Financial Institutions |
47.94 |
- |
- |
- |
23.01 |
Other Income |
-19.54 |
25.52 |
29.60 |
23.41 |
11.24 |
Total Interest Income |
332.21 |
330.55 |
321.95 |
295.72 |
273.64 |
Interest Expense, Deposits |
111.75 |
103.00 |
88.09 |
53.18 |
33.07 |
Interest Expense, Borrowings |
14.36 |
19.80 |
24.33 |
30.88 |
16.43 |
Total Interest Expense |
126.11 |
122.80 |
112.41 |
84.06 |
49.51 |
Net Interest Income |
206.10 |
207.75 |
209.54 |
211.65 |
224.14 |
Provision
for loan losses |
-43.65 |
0.00 |
43.64 |
0.01 |
-10.50 |
Total Net Interest Income |
183.15 |
183.29 |
164.02 |
161.92 |
191.25 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other |
10.03 |
13.59 |
14.34 |
12.75 |
7.85 |
Gain On Purchase Of Business |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Small Business Administration Loans |
- |
- |
- |
- |
- |
Financing Receivable Credit Loss Unfunded Commitments Expense Reversal |
- |
-5.63 |
- |
- |
8.25 |
Allowance For Credit Loss Expense Reversal |
- |
24.46 |
- |
- |
32.89 |
Gain Loss On Sale Of S B A Loans Net |
- |
- |
- |
- |
5.55 |
Interest Income Deposits With Financial Institutions And Federal Funds Sold |
- |
10.77 |
- |
- |
-13.09 |
Loss/ -Gain on Investment |
-0.29 |
-0.02 |
-0.01 |
0.01 |
0.00 |
Other Non-Interest Income |
46.35 |
21.37 |
52.16 |
42.86 |
6.53 |
Credit Resolution Expense |
0.16 |
-1.36 |
0.85 |
0.44 |
0.37 |
Total Noninterest Income |
56.25 |
63.18 |
67.35 |
56.05 |
48.35 |
Total Revenues |
239.40 |
246.47 |
231.37 |
217.97 |
239.60 |
Salaries & employee benefits, SGA |
2.97 |
2.72 |
2.63 |
3.53 |
162.01 |
Depriciation & Amortization |
4.43 |
4.43 |
4.69 |
4.71 |
4.71 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
13.20 |
12.75 |
12.52 |
12.99 |
-11.82 |
Professional Fees |
17.73 |
- |
- |
- |
16.44 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
-15.29 |
18.75 |
24.16 |
15.49 |
-7.55 |
F D I C Indemnification Asset Period Increase Decrease |
26.94 |
- |
- |
- |
8.06 |
Merger And Conversion Charges |
- |
- |
- |
- |
0.24 |
Other loss/ -income |
99.04 |
102.80 |
104.41 |
102.71 |
-46.44 |
Total Operating
Expenses |
149.01 |
141.45 |
148.40 |
139.42 |
135.06 |
Total Costs & Expenses |
275.12 |
264.25 |
260.82 |
223.49 |
184.57 |
Income /-loss before income taxes |
90.39 |
105.03 |
82.97 |
78.55 |
104.53 |
Income taxes expenses/-benefit |
24.45 |
24.91 |
20.34 |
18.13 |
22.31 |
Income after income taxes |
65.93 |
80.12 |
62.64 |
60.42 |
82.22 |
Net income/-loss
of other equity |
- |
0.00 |
- |
0.00 |
- |
Income /-loss after income taxes |
65.93 |
80.12 |
62.64 |
60.42 |
82.22 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
65.93 |
80.12 |
62.64 |
60.42 |
82.22 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
65.93 |
80.12 |
62.64 |
60.42 |
82.22 |