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 |
28.00 |
27.51 |
26.05 |
24.91 |
23.54 |
Interest and Dividend Income, Securities |
2.53 |
2.59 |
2.63 |
2.75 |
2.60 |
Other Interest and Dividend Income |
0.77 |
0.80 |
0.55 |
0.47 |
0.42 |
Other Income |
0.15 |
0.16 |
0.20 |
0.17 |
0.36 |
Total Interest Income |
31.44 |
31.06 |
29.43 |
28.30 |
26.92 |
Interest Expense, Deposits |
9.69 |
9.06 |
6.61 |
3.49 |
1.60 |
Interest Expense, Short-term Borrowings |
1.77 |
0.94 |
1.28 |
1.21 |
-0.13 |
Interest Expense, Junior Subordinated Debentures |
1.23 |
- |
- |
0.39 |
1.55 |
Other Intrest Expenses |
-0.80 |
0.40 |
0.39 |
- |
-0.39 |
Total Interest Expense |
11.89 |
10.40 |
8.28 |
5.08 |
2.63 |
Net Interest Income |
19.55 |
20.66 |
21.15 |
23.22 |
24.29 |
Provision
for loan losses |
0.44 |
-0.54 |
0.27 |
0.33 |
1.16 |
Total Net Interest Income |
19.11 |
21.20 |
20.88 |
22.90 |
23.13 |
Brokerage Commissions Revenue |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
1.72 |
1.74 |
1.73 |
1.57 |
1.52 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other |
0.75 |
0.27 |
0.30 |
0.33 |
0.30 |
Income from Small Business Investment Companies |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
-0.07 |
- |
Trust Fees |
- |
- |
- |
- |
- |
Service Charges On Deposit Accounts |
- |
- |
- |
- |
- |
Other Fees And Commissions |
- |
- |
- |
- |
- |
Mortgage Banking Income |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
-0.04 |
- |
-0.01 |
-0.11 |
-0.15 |
Loss/ -Gain on Investment |
0.49 |
0.13 |
0.12 |
0.03 |
0.10 |
Other Non-Interest Income |
1.57 |
2.29 |
1.72 |
2.41 |
1.63 |
Federal Deposit Insurance Corporation Premium Expense Credit |
0.35 |
0.35 |
0.49 |
0.21 |
0.21 |
Total Noninterest Income |
4.84 |
4.77 |
4.36 |
4.37 |
3.61 |
Total Revenues |
23.95 |
25.98 |
25.24 |
27.27 |
26.74 |
Salaries & employee benefits, SGA |
0.50 |
0.52 |
0.52 |
0.51 |
16.82 |
Restructuring, Accretion & impairment charges |
0.88 |
1.70 |
- |
- |
- |
Depriciation & Amortization |
0.25 |
0.26 |
0.27 |
0.28 |
0.30 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.54 |
1.60 |
1.63 |
1.44 |
-0.13 |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
3.31 |
3.39 |
3.55 |
2.74 |
3.60 |
Software Expense |
0.44 |
0.47 |
0.48 |
0.44 |
0.42 |
Other loss/ -income |
10.96 |
10.39 |
9.73 |
10.23 |
-4.77 |
Total Operating
Expenses |
17.88 |
18.34 |
16.18 |
15.65 |
16.83 |
Total Costs & Expenses |
29.77 |
28.74 |
24.47 |
20.73 |
19.46 |
Income /-loss before income taxes |
6.07 |
7.63 |
9.05 |
11.62 |
9.91 |
Income taxes expenses/-benefit |
2.00 |
1.84 |
1.91 |
2.46 |
1.87 |
Income after income taxes |
4.07 |
5.79 |
7.14 |
9.16 |
8.03 |
Net income/-loss
of other equity |
- |
0.00 |
0.00 |
- |
- |
Income /-loss after income taxes |
4.07 |
5.79 |
7.14 |
9.16 |
8.03 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
4.07 |
5.79 |
7.14 |
9.16 |
8.03 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
4.07 |
5.79 |
7.14 |
9.16 |
8.03 |