INCOME STATEMENT (Quarterly GAAP In millions $) |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Interest and Fee Income, Loans and Leases |
14.28 |
14.35 |
14.39 |
13.33 |
12.74 |
Interest and Dividend Income, Securities, Operating |
0.81 |
0.84 |
1.11 |
1.11 |
0.82 |
Other Interest and Dividend Income |
1.81 |
0.99 |
0.65 |
1.63 |
1.37 |
Total Interest Income |
16.89 |
16.18 |
16.16 |
16.06 |
14.93 |
Interest Expense, Deposits |
3.47 |
2.76 |
2.30 |
1.88 |
0.81 |
Interest Expense, Debt |
0.47 |
0.47 |
0.36 |
0.20 |
0.20 |
Total Interest Expense |
3.94 |
3.24 |
2.66 |
2.08 |
1.01 |
Net Interest Income |
12.95 |
12.94 |
13.50 |
13.99 |
13.92 |
Provision
for loan losses |
0.18 |
-0.18 |
0.09 |
0.74 |
0.35 |
Total Net Interest Income |
12.82 |
13.13 |
13.45 |
13.25 |
13.57 |
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions |
0.10 |
0.14 |
0.13 |
0.22 |
0.06 |
Revenue From Contract With Customer Excluding Assessed Tax |
0.84 |
0.83 |
0.82 |
0.84 |
0.83 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.10 |
0.10 |
0.09 |
0.08 |
0.11 |
Gain Loss On Disposition Of Property |
- |
- |
- |
- |
- |
Valuation Reserve On Premises Heldforsale |
- |
-0.03 |
- |
- |
- |
Bank Owned Life Insurance Income Loss |
-0.09 |
-0.09 |
- |
- |
- |
Amortization And Impairment Of Servicing Assets |
- |
- |
- |
- |
- |
Noninterest Income From Trust |
0.29 |
0.28 |
- |
-0.26 |
- |
Other Than Temporary Impairment Losses Investments Reclassification Adjustment Of Noncredit Portion Included In Net Income Availabeforsale Securities Before Tax |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Death Benefit Income |
- |
- |
- |
-0.45 |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
- |
0.01 |
- |
- |
- |
Other Non-Interest Income |
-0.22 |
-0.28 |
-0.88 |
0.86 |
0.15 |
Federal Deposit Insurance Corporation Premium Expense Income |
0.22 |
0.28 |
0.15 |
0.11 |
0.13 |
Total Noninterest Income |
1.24 |
1.24 |
0.31 |
1.41 |
1.29 |
Total Revenues |
14.06 |
14.37 |
13.77 |
14.65 |
14.86 |
Salaries & employee benefits, SGA |
0.17 |
0.27 |
0.19 |
10.77 |
0.14 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
-2.05 |
-2.03 |
-2.04 |
0.20 |
1.97 |
Professional Fees |
-0.37 |
-0.35 |
-0.32 |
0.25 |
0.25 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
-0.31 |
-0.30 |
-0.36 |
0.34 |
0.34 |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
-1.36 |
-1.40 |
-0.83 |
0.90 |
1.64 |
Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal |
0.04 |
0.01 |
0.04 |
- |
- |
Other loss/ -income |
-6.58 |
-6.88 |
-6.60 |
-2.42 |
6.27 |
Total Operating
Expenses |
-10.45 |
-10.68 |
-9.91 |
10.04 |
10.60 |
Total Costs & Expenses |
-6.51 |
-7.45 |
-7.25 |
12.12 |
11.61 |
Income /-loss before income taxes |
3.27 |
3.15 |
3.47 |
4.61 |
4.26 |
Income taxes expenses/-benefit |
0.90 |
0.84 |
0.84 |
1.17 |
1.04 |
Income after income taxes |
2.37 |
2.31 |
2.63 |
3.44 |
3.22 |
Net income/-loss
of other equity |
0.00 |
- |
- |
- |
- |
Income /-loss after income taxes |
2.37 |
2.31 |
2.63 |
3.44 |
3.22 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
2.37 |
2.31 |
2.63 |
3.44 |
3.22 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
2.37 |
2.31 |
2.63 |
3.44 |
3.22 |