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 |
15.15 |
14.59 |
14.00 |
13.07 |
12.29 |
Interest and Dividend Income, Securities |
0.54 |
0.55 |
0.59 |
0.61 |
-7.42 |
Other Interest and Dividend Income |
1.04 |
0.48 |
0.71 |
0.30 |
0.31 |
Other Income |
3.12 |
3.15 |
3.19 |
3.22 |
12.10 |
Total Interest Income |
19.86 |
18.76 |
18.49 |
17.20 |
17.27 |
Interest Expense, Deposits |
7.26 |
6.52 |
5.98 |
4.72 |
4.12 |
Interest Expense, Borrowings |
1.63 |
1.56 |
1.20 |
0.81 |
0.87 |
Total Interest Expense |
8.89 |
8.07 |
7.19 |
5.53 |
4.99 |
Net Interest Income |
10.97 |
10.69 |
11.30 |
11.67 |
12.28 |
Provision
for loan losses |
0.76 |
-0.27 |
0.03 |
0.28 |
-0.67 |
Total Net Interest Income |
10.21 |
10.96 |
11.27 |
11.39 |
12.95 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
1.14 |
1.16 |
1.19 |
1.17 |
1.27 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other |
0.27 |
0.33 |
0.25 |
0.30 |
0.29 |
Merchant And Atm Fees |
- |
- |
- |
- |
- |
Gain Loss On Forclosure Of Other Real Estate |
- |
- |
- |
- |
- |
Interest Bearing Deposits And Federal Funds Sold |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.11 |
0.10 |
0.11 |
0.05 |
-0.14 |
Other Non-Interest Income |
0.77 |
0.78 |
0.77 |
0.74 |
0.70 |
Total Noninterest Income |
2.29 |
2.36 |
2.32 |
2.25 |
2.12 |
Total Revenues |
12.50 |
13.32 |
13.58 |
13.65 |
15.07 |
Salaries & employee benefits, SGA |
5.91 |
5.90 |
5.88 |
5.97 |
4.89 |
Depriciation & Amortization |
0.11 |
0.13 |
0.13 |
0.13 |
0.12 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.69 |
0.67 |
0.79 |
0.81 |
-3.53 |
Professional Fees |
0.54 |
0.55 |
0.54 |
0.46 |
0.40 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.29 |
0.28 |
0.35 |
0.17 |
0.17 |
Other Noninterest Expense |
0.30 |
0.27 |
0.81 |
0.37 |
0.16 |
Amortization Of New Market Tax Credit Projects |
0.19 |
0.19 |
0.19 |
0.19 |
-0.38 |
Other loss/ -income |
1.98 |
1.81 |
1.88 |
1.68 |
8.18 |
Total Operating
Expenses |
10.02 |
9.80 |
10.56 |
9.78 |
10.00 |
Total Costs & Expenses |
18.91 |
17.88 |
17.75 |
15.31 |
14.99 |
Income /-loss before income taxes |
2.48 |
3.52 |
3.02 |
3.87 |
5.07 |
Income taxes expenses/-benefit |
0.34 |
0.60 |
0.46 |
0.67 |
1.00 |
Income after income taxes |
2.14 |
2.92 |
2.56 |
3.20 |
4.08 |
Net income/-loss
of other equity |
0.00 |
- |
- |
- |
- |
Income /-loss after income taxes |
2.14 |
2.92 |
2.56 |
3.20 |
4.08 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
2.14 |
2.92 |
2.56 |
3.20 |
4.08 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
2.14 |
2.92 |
2.56 |
3.20 |
4.08 |