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 |
230.38 |
221.38 |
205.17 |
189.99 |
173.48 |
Interest and Dividend Income, Securities |
8.16 |
8.42 |
8.50 |
9.31 |
-17.35 |
Interest Income, Deposits with Financial Institutions |
2.26 |
1.31 |
1.01 |
1.49 |
1.38 |
Other Income |
18.70 |
16.06 |
15.57 |
16.75 |
44.56 |
Total Interest Income |
259.50 |
247.16 |
230.25 |
217.55 |
202.07 |
Interest Expense, Deposits |
96.00 |
83.59 |
65.27 |
51.83 |
30.24 |
Interest Expense, Short-term Borrowings |
5.04 |
6.50 |
8.04 |
7.56 |
-2.77 |
Other Intrest Expenses |
4.91 |
5.13 |
4.85 |
4.71 |
10.75 |
Total Interest Expense |
105.95 |
95.22 |
78.16 |
64.10 |
38.22 |
Net Interest Income |
153.55 |
151.94 |
152.08 |
153.44 |
163.85 |
Provision
for loan losses |
8.71 |
4.99 |
6.07 |
11.85 |
6.26 |
Total Net Interest Income |
144.84 |
146.95 |
146.02 |
141.59 |
157.59 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
4.53 |
4.55 |
4.36 |
4.26 |
-1.23 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
4.95 |
30.30 |
1.93 |
1.67 |
-3.52 |
Interest Rate Swap Feeson Loans |
- |
- |
- |
- |
- |
Interchange Fees Net |
-2.46 |
- |
2.46 |
- |
2.57 |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Interest Rate Swap Fees On Loans |
-2.32 |
- |
2.32 |
- |
3.66 |
Gain Loss On Sale Of Shore Premier |
- |
- |
- |
- |
- |
Debt And Equity Securities Realized Gain Loss |
- |
- |
- |
- |
- |
Fees And Commissions Deposit Accounts |
-8.12 |
- |
8.12 |
- |
7.63 |
Other Service Charges Commissions And Fees |
-1.69 |
- |
1.69 |
- |
1.63 |
Other Non-Interest Income |
35.07 |
-7.76 |
3.32 |
3.69 |
13.76 |
Total Noninterest Income |
29.96 |
27.09 |
24.20 |
9.63 |
24.50 |
Total Revenues |
174.80 |
174.04 |
170.21 |
151.22 |
182.09 |
Salaries & employee benefits, SGA |
7.53 |
6.73 |
7.32 |
6.85 |
106.88 |
Depriciation & Amortization |
2.09 |
2.19 |
2.22 |
2.28 |
2.38 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
6.64 |
6.05 |
6.09 |
6.36 |
-9.33 |
Professional Fees |
4.35 |
3.29 |
4.43 |
3.41 |
4.46 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
7.63 |
4.26 |
4.07 |
3.90 |
1.90 |
Other Noninterest Expense |
10.58 |
15.78 |
5.76 |
11.50 |
4.50 |
Loan Related Expenses |
1.06 |
1.39 |
1.62 |
1.55 |
1.36 |
Other loss/ -income |
68.05 |
68.82 |
74.15 |
72.42 |
-17.11 |
Total Operating
Expenses |
107.93 |
108.51 |
105.66 |
108.27 |
99.79 |
Total Costs & Expenses |
213.88 |
203.73 |
183.82 |
172.38 |
138.01 |
Income /-loss before income taxes |
66.87 |
65.54 |
64.55 |
42.95 |
82.30 |
Income taxes expenses/-benefit |
9.96 |
11.52 |
9.31 |
7.29 |
11.78 |
Income after income taxes |
56.91 |
54.02 |
55.24 |
35.65 |
70.52 |
Net income/-loss
of other equity |
0.00 |
0.00 |
- |
0.00 |
- |
Income /-loss after income taxes |
56.91 |
54.02 |
55.24 |
35.65 |
70.52 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
56.91 |
54.02 |
55.24 |
35.65 |
70.52 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
2.97 |
2.97 |
2.97 |
2.97 |
2.97 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
53.94 |
51.05 |
52.27 |
32.69 |
67.56 |