INCOME STATEMENT (Annual GAAP In millions $) |
(Dec 31 2023) 2023 |
(Dec 31 2022) 2022 |
(Dec 31 2021) 2021 |
(Dec 31 2020) 2020 |
(Dec 31 2019) 2019 |
Interest and Dividend Income, Securities |
7.06 |
5.61 |
6.02 |
6.01 |
6.52 |
Interest Income, Other Domestic Deposits |
- |
0.03 |
0.01 |
0.02 |
0.32 |
Other Income |
53.80 |
43.42 |
40.64 |
40.86 |
42.93 |
Total Interest Income |
60.86 |
49.06 |
46.67 |
46.88 |
49.77 |
Interest Expense, Deposits |
21.01 |
6.42 |
4.81 |
7.63 |
11.19 |
Interest Expense, Short-term Borrowings |
1.94 |
0.36 |
0.00 |
0.03 |
0.29 |
Interest Expense, Long-term Debt and Capital Securities |
1.05 |
1.05 |
2.67 |
2.74 |
2.73 |
Other Intrest Expenses |
0.83 |
0.65 |
0.11 |
0.11 |
0.12 |
Total Interest Expense |
24.84 |
8.50 |
7.59 |
10.52 |
14.33 |
Net Interest Income |
36.02 |
40.56 |
39.08 |
36.37 |
35.44 |
Provision
for loan losses |
7.43 |
0.05 |
1.10 |
2.38 |
0.80 |
Total Net Interest Income |
28.59 |
40.51 |
37.98 |
33.99 |
34.64 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
14.49 |
14.74 |
14.97 |
12.82 |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
1.79 |
2.55 |
3.70 |
3.08 |
2.99 |
Fees And Commissions Mortgage Bankings |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Interest And Fee Income Loans And Leases Taxable |
- |
- |
- |
- |
- |
Interest And Fee Income Loans And Leases Tax Exempt |
- |
- |
- |
- |
- |
Allowance For Loan And Lease Losses Period Increase Decrease |
- |
- |
- |
- |
- |
Interest Income Money Market Accounts And Commercial Paper Deposits |
- |
- |
- |
- |
- |
Interest Income Short Term Investment Other |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.17 |
0.21 |
0.66 |
1.52 |
0.87 |
Other Non-Interest Income |
-0.16 |
-0.91 |
-1.68 |
-1.26 |
10.80 |
Finance Lease Interest Expense |
0.10 |
0.10 |
0.11 |
0.11 |
0.12 |
Total Noninterest Income |
16.39 |
16.69 |
17.76 |
16.28 |
14.77 |
Total Revenues |
44.98 |
57.21 |
55.74 |
50.27 |
49.42 |
Salaries & employee benefits, SGA |
1.30 |
1.37 |
29.08 |
28.53 |
26.56 |
Restructuring, Accretion & impairment charges |
- |
- |
0.39 |
- |
-0.50 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
2.92 |
2.88 |
2.62 |
2.51 |
2.50 |
Professional Fees |
5.32 |
3.21 |
5.46 |
5.22 |
4.89 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
0.67 |
0.65 |
0.67 |
0.71 |
0.61 |
Federal Deposit Insurance Corporation Premium Expense |
0.72 |
0.52 |
0.66 |
0.48 |
0.10 |
Other Noninterest Expense |
2.77 |
5.30 |
6.52 |
5.44 |
5.65 |
Other loss/ -income |
35.68 |
34.07 |
1.58 |
1.56 |
2.01 |
Total Operating
Expenses |
49.37 |
48.00 |
46.97 |
44.46 |
41.82 |
Total Costs & Expenses |
74.21 |
56.50 |
54.56 |
54.97 |
56.14 |
Income /-loss before income taxes |
-4.39 |
9.20 |
8.77 |
5.81 |
7.60 |
Income taxes expenses/-benefit |
-1.04 |
1.75 |
1.70 |
1.21 |
1.57 |
Income after income taxes |
-3.35 |
7.45 |
7.07 |
4.60 |
6.03 |
Net income/-loss
of other equity |
- |
- |
0.00 |
0.00 |
- |
Income /-loss after income taxes |
-3.35 |
7.45 |
7.07 |
4.60 |
6.03 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
-3.35 |
7.45 |
7.07 |
4.60 |
6.03 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
-3.35 |
7.45 |
7.07 |
4.60 |
6.03 |