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 |
87.98 |
- |
42.48 |
39.72 |
53.66 |
Interest and Dividend Income, Securities, Operating |
2.12 |
- |
1.00 |
1.00 |
0.48 |
Other Income |
7.56 |
- |
3.02 |
3.57 |
2.17 |
Total Interest Income |
97.66 |
0.00 |
46.51 |
44.29 |
56.31 |
Interest Expense, Deposits |
49.10 |
- |
20.78 |
17.03 |
1.01 |
Interest Expense, Borrowings |
3.63 |
- |
1.74 |
1.72 |
0.45 |
Total Interest Expense |
52.72 |
- |
22.52 |
18.75 |
1.46 |
Net Interest Income |
44.94 |
- |
23.99 |
25.54 |
54.85 |
Provision
for loan losses |
-2.54 |
- |
2.58 |
0.83 |
2.32 |
Total Net Interest Income |
47.48 |
- |
21.41 |
24.72 |
52.53 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
0.98 |
- |
0.36 |
0.29 |
0.33 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.00 |
- |
0.02 |
0.03 |
-2.26 |
Gain Loss On Sale Of Foreclosed Real Estate |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain |
- |
- |
- |
- |
- |
Interest On Cash And Cash Equivalents |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.32 |
- |
0.73 |
0.93 |
- |
Other Non-Interest Income |
0.62 |
- |
0.29 |
0.28 |
1.01 |
Total Noninterest Income |
1.92 |
- |
1.40 |
1.53 |
-0.92 |
Total Revenues |
49.39 |
0.00 |
22.81 |
26.24 |
51.61 |
Salaries & employee benefits, SGA |
0.32 |
- |
0.18 |
0.15 |
15.17 |
Depriciation & Amortization |
- |
- |
- |
- |
0.11 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
4.38 |
- |
2.20 |
2.08 |
0.84 |
Professional Fees and Commission |
1.52 |
- |
0.69 |
1.32 |
1.74 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
2.05 |
- |
1.05 |
1.06 |
1.67 |
Other Noninterest Expense |
2.21 |
- |
0.95 |
0.93 |
2.04 |
Other loss/ -income |
14.58 |
- |
7.57 |
7.14 |
-4.29 |
Total Operating
Expenses |
25.07 |
- |
12.64 |
12.69 |
17.28 |
Total Costs & Expenses |
77.79 |
- |
35.16 |
31.44 |
18.74 |
Income /-loss before income taxes |
24.32 |
- |
10.17 |
13.55 |
34.33 |
Income taxes expenses/-benefit |
6.02 |
- |
2.19 |
3.17 |
7.93 |
Income after income taxes |
18.30 |
0.00 |
7.98 |
10.38 |
26.40 |
Net income/-loss
of other equity |
0.00 |
- |
0.00 |
0.00 |
- |
Income /-loss after income taxes |
18.30 |
0.00 |
7.98 |
10.38 |
26.40 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
18.30 |
0.00 |
7.98 |
10.38 |
26.40 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
18.30 |
0.00 |
7.98 |
10.38 |
26.40 |