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 |
24.96 |
24.70 |
24.58 |
24.26 |
22.83 |
Interest Income, Operating |
9.29 |
9.35 |
9.99 |
10.03 |
15.72 |
Other Income |
1.17 |
1.06 |
0.05 |
0.06 |
0.94 |
Total Interest Income |
35.42 |
35.10 |
34.62 |
34.35 |
39.49 |
Interest Expense, Deposits |
2.59 |
2.05 |
1.33 |
0.65 |
-0.83 |
Interest Expense, Borrowings |
1.38 |
2.59 |
4.87 |
2.72 |
0.08 |
Other Intrest Expenses |
7.19 |
5.55 |
3.42 |
0.33 |
-0.40 |
Total Interest Expense |
11.16 |
10.64 |
10.49 |
4.45 |
0.85 |
Net Interest Income |
24.26 |
24.47 |
24.13 |
29.90 |
38.64 |
Provision
for loan losses |
1.30 |
0.43 |
0.33 |
0.18 |
-1.70 |
Total Net Interest Income |
22.96 |
24.04 |
23.80 |
29.72 |
40.02 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
0.54 |
0.52 |
0.56 |
0.53 |
0.40 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.34 |
0.29 |
0.33 |
0.30 |
-1.44 |
Interest On Short Term Investments And Federal Funds Sold |
- |
- |
- |
- |
- |
Debit Card Interchange Fees |
- |
- |
- |
- |
- |
Merchant Interchange Fees |
- |
- |
- |
- |
- |
Interest Due From Banks And Other |
- |
- |
0.05 |
0.06 |
-0.29 |
Dividend Income Federal Home Loan Bank |
- |
- |
0.29 |
0.30 |
-0.51 |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal |
- |
- |
0.50 |
0.35 |
- |
Other Non-Interest Income |
-5.67 |
0.37 |
-0.26 |
-0.03 |
0.29 |
Data Processing |
1.08 |
1.01 |
0.92 |
1.05 |
-2.48 |
Information Technology |
0.43 |
0.41 |
0.36 |
0.37 |
-0.95 |
Total Noninterest Income |
-3.28 |
2.60 |
2.74 |
2.94 |
1.75 |
Total Revenues |
19.68 |
26.64 |
26.54 |
32.66 |
41.77 |
Salaries & employee benefits, SGA |
10.36 |
10.74 |
11.42 |
10.93 |
7.03 |
Depriciation & Amortization |
0.33 |
0.34 |
0.34 |
0.35 |
0.40 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Information Technology and Data Processing |
- |
- |
- |
- |
- |
Professional Fees and Commission |
0.92 |
0.76 |
0.80 |
1.12 |
-1.61 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.45 |
0.47 |
0.67 |
0.29 |
0.36 |
Other Noninterest Expense |
0.27 |
3.34 |
2.81 |
2.01 |
2.48 |
Occupancy And Equipment |
1.94 |
1.97 |
1.98 |
2.41 |
-3.80 |
Other loss/ -income |
5.02 |
2.14 |
2.66 |
2.67 |
9.45 |
Total Operating
Expenses |
19.29 |
19.75 |
20.67 |
19.78 |
14.30 |
Total Costs & Expenses |
30.45 |
30.38 |
31.16 |
24.23 |
15.15 |
Income /-loss before income taxes |
0.39 |
6.90 |
5.87 |
12.88 |
27.47 |
Income taxes expenses/-benefit |
-0.22 |
1.60 |
1.32 |
3.44 |
7.69 |
Income after income taxes |
0.61 |
5.30 |
4.55 |
9.44 |
19.77 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
0.61 |
5.30 |
4.55 |
9.44 |
19.77 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
0.61 |
5.30 |
4.55 |
9.44 |
19.77 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
0.61 |
5.30 |
4.55 |
9.44 |
19.77 |