INCOME STATEMENT (Annual GAAP In millions $) |
(Dec 31 2022) 2022 |
(Dec 31 2021) 2021 |
(Dec 31 2020) 2020 |
(Dec 31 2019) 2019 |
(Dec 31 2018) 2018 |
Interest and Fee Income, Loans and Leases |
106.95 |
93.42 |
95.27 |
82.94 |
72.10 |
Interest and Dividend Income, Securities |
7.69 |
4.96 |
5.43 |
6.23 |
5.84 |
Other Income |
1.90 |
- |
- |
- |
- |
Total Interest Income |
116.53 |
98.39 |
100.70 |
89.17 |
77.94 |
Interest Expense, Deposits |
10.27 |
7.53 |
12.47 |
17.88 |
12.38 |
Interest Expense, Short-term Borrowings |
1.64 |
0.78 |
1.39 |
1.62 |
0.40 |
Interest Expense, Borrowings |
- |
- |
- |
- |
2.06 |
Other Intrest Expenses |
0.54 |
- |
- |
- |
- |
Total Interest Expense |
12.45 |
8.30 |
13.87 |
19.50 |
14.85 |
Net Interest Income |
104.09 |
90.08 |
86.84 |
69.67 |
63.10 |
Provision
for loan losses |
2.20 |
3.10 |
7.13 |
5.25 |
2.94 |
Total Net Interest Income |
101.89 |
86.98 |
79.71 |
64.42 |
60.16 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
1.93 |
1.04 |
2.67 |
1.49 |
1.18 |
Noninterest Income From Strategic Alliances |
- |
- |
0.08 |
0.10 |
0.09 |
Debt And Equity Securities Realized Gain Loss |
- |
0.00 |
3.23 |
0.63 |
- |
Gain Loss On Disposition Of Other Financial Assets |
- |
- |
- |
0.23 |
- |
Service Charges |
5.81 |
- |
- |
- |
- |
Income From Ansay Joint Venture |
2.56 |
- |
- |
- |
- |
Income From U F S Joint Venture |
3.06 |
- |
- |
- |
- |
Loan Servicing Income |
1.92 |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.15 |
7.35 |
6.71 |
1.33 |
0.87 |
Other Non-Interest Income |
4.43 |
15.13 |
10.83 |
8.86 |
9.37 |
Debt Securities Realized Gain Loss |
- |
- |
- |
- |
0.03 |
Total Noninterest Income |
19.85 |
23.52 |
23.52 |
12.63 |
11.53 |
Total Revenues |
121.73 |
110.50 |
103.23 |
77.05 |
71.70 |
Salaries & employee benefits, SGA |
33.16 |
28.74 |
27.50 |
23.17 |
21.72 |
Depriciation & Amortization |
2.32 |
1.41 |
1.64 |
1.07 |
0.76 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
5.47 |
9.54 |
10.23 |
8.37 |
7.12 |
Expense Related to Distribution or Servicing and Underwriting Fees |
6.73 |
3.08 |
4.11 |
3.04 |
3.13 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
0.77 |
0.71 |
0.87 |
0.59 |
0.62 |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
6.35 |
6.54 |
5.71 |
6.03 |
5.03 |
Noncash Contribution Expense |
0.72 |
0.53 |
0.57 |
0.57 |
0.99 |
Penalty For Early Extinguishment Of Debt |
- |
- |
1.32 |
- |
- |
Other loss/ -income |
6.60 |
-0.02 |
1.40 |
-0.07 |
0.28 |
Total Operating
Expenses |
62.10 |
50.53 |
53.35 |
42.76 |
39.64 |
Total Costs & Expenses |
74.55 |
58.84 |
67.22 |
62.26 |
54.49 |
Income /-loss before income taxes |
59.63 |
59.97 |
49.88 |
34.29 |
32.05 |
Income taxes expenses/-benefit |
14.42 |
14.52 |
11.83 |
7.60 |
6.60 |
Income after income taxes |
45.21 |
45.44 |
38.05 |
26.69 |
25.46 |
Net income/-loss
of other equity |
- |
- |
0.00 |
0.00 |
0.00 |
Income /-loss after income taxes |
45.21 |
45.44 |
38.05 |
26.69 |
25.46 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
45.21 |
45.44 |
38.05 |
26.69 |
25.46 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
45.21 |
45.44 |
38.05 |
26.69 |
25.46 |