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 |
7.98 |
8.14 |
7.70 |
7.86 |
7.02 |
Interest and Dividend Income, Securities |
0.01 |
0.02 |
0.04 |
0.05 |
0.05 |
Other Interest and Dividend Income |
0.30 |
0.25 |
0.22 |
0.14 |
0.10 |
Other Income |
0.99 |
1.00 |
1.05 |
0.93 |
1.01 |
Total Interest Income |
9.29 |
9.41 |
9.02 |
8.98 |
8.18 |
Interest Expense, Deposits |
4.85 |
4.21 |
3.71 |
2.18 |
1.25 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Short-term |
1.22 |
0.90 |
0.78 |
0.76 |
0.72 |
Other Intrest Expenses |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Interest Expense |
6.07 |
5.11 |
4.49 |
2.94 |
1.97 |
Net Interest Income |
3.22 |
4.29 |
4.52 |
6.04 |
6.21 |
Provision
for loan losses |
- |
-0.13 |
- |
0.15 |
0.18 |
Total Net Interest Income |
3.22 |
4.42 |
4.52 |
5.89 |
6.03 |
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions |
0.06 |
0.05 |
0.05 |
0.04 |
0.05 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.03 |
0.03 |
0.03 |
0.03 |
0.04 |
Provision Credit For Loan Losses |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
- |
0.02 |
0.01 |
- |
- |
Other Non-Interest Income |
0.20 |
0.19 |
0.19 |
0.18 |
0.19 |
Total Noninterest Income |
0.29 |
0.28 |
0.28 |
0.26 |
0.27 |
Total Revenues |
3.51 |
4.70 |
4.81 |
6.15 |
6.30 |
Salaries & employee benefits, SGA |
2.27 |
2.30 |
2.16 |
2.12 |
2.15 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.37 |
0.36 |
0.38 |
0.36 |
0.35 |
Professional Fees and Commission |
0.15 |
0.11 |
0.15 |
0.09 |
0.16 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.13 |
0.13 |
0.06 |
0.06 |
0.05 |
Other Noninterest Expense |
0.24 |
0.24 |
0.18 |
0.36 |
0.26 |
Other loss/ -income |
0.49 |
0.49 |
0.58 |
0.53 |
0.66 |
Total Operating
Expenses |
3.66 |
3.63 |
3.52 |
3.51 |
3.64 |
Total Costs & Expenses |
9.73 |
8.75 |
8.01 |
6.45 |
5.61 |
Income /-loss before income taxes |
-0.15 |
1.07 |
1.29 |
2.64 |
2.66 |
Income taxes expenses/-benefit |
-0.13 |
0.21 |
0.30 |
0.73 |
0.73 |
Income after income taxes |
-0.03 |
0.86 |
0.99 |
1.90 |
1.93 |
Net income/-loss
of other equity |
0.00 |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
-0.03 |
0.86 |
0.99 |
1.90 |
1.93 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
-0.03 |
0.86 |
0.99 |
1.90 |
1.93 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
-0.03 |
0.86 |
0.99 |
1.90 |
1.93 |