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 |
43.89 |
44.13 |
42.64 |
38.89 |
36.17 |
Interest Income, Securities, Mortgage Backed |
0.29 |
0.22 |
0.18 |
0.19 |
0.19 |
Other Interest and Dividend Income |
4.53 |
3.67 |
3.34 |
2.16 |
1.32 |
Other Income |
0.99 |
1.05 |
1.07 |
1.12 |
1.18 |
Total Interest Income |
49.70 |
49.07 |
47.24 |
42.35 |
38.86 |
Interest Expense, Deposits |
31.99 |
26.76 |
21.42 |
16.30 |
8.89 |
Interest Expense, Borrowings |
7.28 |
7.73 |
7.44 |
5.16 |
2.17 |
Other Intrest Expenses |
-13.49 |
-12.22 |
-9.41 |
-7.11 |
-2.39 |
Total Interest Expense |
25.78 |
23.39 |
20.25 |
14.88 |
8.68 |
Net Interest Income |
23.92 |
25.68 |
26.99 |
27.47 |
30.18 |
Provision
for loan losses |
1.93 |
2.21 |
1.35 |
0.62 |
-0.50 |
Total Net Interest Income |
22.00 |
23.48 |
25.64 |
26.85 |
30.68 |
Underwriting Income (Loss) |
1.45 |
1.35 |
1.44 |
1.10 |
1.14 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.07 |
0.07 |
0.08 |
0.04 |
-1.38 |
Gain On Sale Of Investments |
- |
- |
- |
- |
- |
Equity Securities Fv Ni Unrealized Loss |
- |
- |
- |
- |
- |
Equity Securities Fv Ni Realized Gain |
- |
- |
- |
- |
- |
Equity Securities Fv Ni Unrealized Gain Loss |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain |
- |
- |
- |
- |
- |
Equity Securities Fv Ni Gain Loss |
- |
-0.49 |
-0.67 |
-3.23 |
-3.03 |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.06 |
0.02 |
- |
- |
0.11 |
Other Non-Interest Income |
1.66 |
0.47 |
0.27 |
0.43 |
4.22 |
Total Noninterest Income |
3.23 |
1.41 |
1.12 |
-1.66 |
1.06 |
Total Revenues |
25.22 |
24.88 |
26.76 |
25.19 |
31.74 |
Salaries & employee benefits, SGA |
7.97 |
7.52 |
7.71 |
7.62 |
7.23 |
Foreclosed Real Estate Expense |
0.01 |
- |
- |
- |
0.01 |
Communications, Occupancy and Information Technology |
2.61 |
2.62 |
2.56 |
2.55 |
-0.28 |
Professional Fees and Commission |
0.99 |
0.56 |
0.62 |
0.57 |
1.55 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
1.46 |
1.27 |
0.60 |
0.37 |
1.06 |
Other Real Estate Owned Net |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Other loss/ -income |
3.54 |
3.49 |
3.21 |
2.74 |
6.48 |
Total Operating
Expenses |
16.57 |
15.46 |
14.71 |
13.85 |
16.04 |
Total Costs & Expenses |
42.35 |
38.85 |
34.95 |
28.74 |
24.71 |
Income /-loss before income taxes |
8.66 |
9.42 |
12.05 |
11.33 |
15.71 |
Income taxes expenses/-benefit |
2.59 |
2.71 |
3.45 |
3.23 |
3.63 |
Income after income taxes |
6.06 |
6.71 |
8.60 |
8.11 |
12.07 |
Net income/-loss
of other equity |
0.00 |
0.00 |
- |
- |
- |
Income /-loss after income taxes |
6.06 |
6.71 |
8.60 |
8.11 |
12.07 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
6.06 |
6.71 |
8.60 |
8.11 |
12.07 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
0.18 |
0.17 |
0.17 |
0.17 |
0.21 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
5.88 |
6.54 |
8.43 |
7.93 |
11.86 |