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 |
6.78 |
6.37 |
6.02 |
5.75 |
5.60 |
Interest and Dividend Income, Securities |
0.36 |
0.40 |
0.40 |
0.40 |
-2.44 |
Other Interest and Dividend Income |
0.23 |
0.09 |
0.14 |
0.21 |
0.25 |
Other Income |
1.73 |
1.78 |
1.83 |
1.87 |
4.77 |
Total Interest Income |
9.10 |
8.64 |
8.39 |
8.24 |
8.17 |
Interest Expense, Deposits |
3.04 |
2.33 |
1.48 |
1.12 |
0.66 |
Interest Expense, Short-term Borrowings |
0.00 |
0.04 |
0.02 |
0.01 |
0.05 |
Total Interest Expense |
3.04 |
2.37 |
1.51 |
1.13 |
0.70 |
Net Interest Income |
6.06 |
6.27 |
6.89 |
7.11 |
7.47 |
Provision
for loan losses |
0.33 |
0.11 |
-0.36 |
0.07 |
1.00 |
Total Net Interest Income |
5.73 |
6.17 |
7.25 |
7.04 |
6.47 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
0.15 |
0.15 |
0.15 |
0.15 |
0.15 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.53 |
0.52 |
0.43 |
0.39 |
0.24 |
Total Other Than Temporary Impairments On Available For Sale Securities |
- |
- |
- |
- |
- |
Total Security Gains Or Losses Net |
- |
- |
- |
- |
- |
Gain On Sale Of Affordable Housing Investments |
- |
- |
- |
- |
- |
Debt Securities Realized Gain Loss |
-6.30 |
- |
- |
- |
- |
Gain From Loan Guarantee Program |
- |
- |
- |
- |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal |
0.14 |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
- |
- |
- |
- |
3.23 |
Loss/ -Gain on Investment |
- |
0.11 |
0.14 |
0.09 |
0.08 |
Other Non-Interest Income |
-0.58 |
0.09 |
0.07 |
0.16 |
-0.18 |
Fdic And Other Regulatory Assessments |
0.63 |
- |
- |
- |
0.40 |
Total Noninterest Income |
-5.43 |
0.87 |
0.79 |
0.79 |
3.90 |
Total Revenues |
0.30 |
7.03 |
8.04 |
7.84 |
10.37 |
Salaries & employee benefits, SGA |
3.29 |
2.84 |
3.04 |
2.93 |
3.41 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
0.61 |
0.76 |
0.79 |
0.80 |
4.70 |
Professional Fees |
0.40 |
0.26 |
0.30 |
0.34 |
1.68 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
0.87 |
1.50 |
1.70 |
1.54 |
8.78 |
Employee Retention Tax Credit |
- |
- |
- |
- |
-1.57 |
Other loss/ -income |
0.63 |
- |
- |
- |
0.40 |
Total Operating
Expenses |
5.80 |
5.36 |
5.83 |
5.60 |
17.40 |
Total Costs & Expenses |
8.85 |
7.73 |
7.33 |
6.73 |
-9.88 |
Income /-loss before income taxes |
-5.50 |
1.67 |
2.22 |
2.23 |
5.92 |
Income taxes expenses/-benefit |
-1.51 |
0.18 |
0.29 |
0.27 |
1.45 |
Income after income taxes |
-3.99 |
1.49 |
1.93 |
1.96 |
4.47 |
Net income/-loss
of other equity |
0.00 |
- |
0.00 |
- |
- |
Income /-loss after income taxes |
-3.99 |
1.49 |
1.93 |
1.96 |
4.47 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
-3.99 |
1.49 |
1.93 |
1.96 |
4.47 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
-3.99 |
1.49 |
1.93 |
1.96 |
4.47 |