INCOME STATEMENT (Quarterly GAAP In millions $) |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
(Jun 30 2022) II. Quarter |
Interest and Fee Income, Loans and Leases |
9.10 |
8.67 |
8.00 |
6.52 |
6.88 |
Interest and Dividend Income, Securities, Operating |
2.18 |
2.18 |
2.10 |
2.07 |
0.83 |
Other Interest and Dividend Income |
0.36 |
0.33 |
0.43 |
0.64 |
0.79 |
Total Interest Income |
11.64 |
11.17 |
10.53 |
9.23 |
8.50 |
Interest Expense, Deposits |
1.55 |
1.30 |
0.93 |
0.47 |
0.35 |
Interest Expense, Borrowings |
2.82 |
1.60 |
0.56 |
0.15 |
0.11 |
Other Intrest Expenses |
-0.20 |
-0.09 |
-0.35 |
0.00 |
-0.06 |
Total Interest Expense |
4.37 |
2.90 |
1.49 |
0.62 |
0.46 |
Net Interest Income |
7.27 |
8.27 |
9.04 |
8.61 |
8.04 |
Provision
for loan losses |
0.77 |
0.09 |
0.41 |
1.02 |
-0.58 |
Total Net Interest Income |
6.50 |
8.19 |
8.64 |
7.59 |
8.62 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
0.04 |
0.06 |
0.04 |
0.02 |
0.02 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.22 |
0.23 |
0.25 |
0.34 |
0.24 |
Gain Loss On Other Real Estate Owned Net |
- |
- |
- |
- |
- |
Community Development Financial Institutions Grant |
- |
- |
- |
- |
- |
Gain Loss Non Interest Income Expense Other Operating Income |
- |
- |
- |
- |
- |
Provision For Recovery From Loan Losses |
- |
- |
- |
- |
- |
Provision For Recapture Of Loan Losses |
- |
- |
- |
- |
- |
Revenue Not From Contract With Customer |
- |
- |
- |
- |
- |
Financing Receivable Credit Loss Expense Reversal Including Off Balance Sheet Loan Commitments |
- |
- |
- |
- |
- |
Other Non-Interest Income |
-0.03 |
-0.02 |
0.12 |
-0.04 |
-0.10 |
Office Services And Supplies Expense |
0.03 |
0.02 |
-0.12 |
0.04 |
0.10 |
Total Noninterest Income |
0.26 |
0.29 |
0.29 |
0.37 |
0.26 |
Total Revenues |
6.76 |
8.48 |
8.93 |
7.95 |
8.88 |
Salaries & employee benefits, SGA |
3.79 |
3.82 |
3.82 |
3.44 |
3.36 |
Depriciation & Amortization |
0.10 |
0.10 |
0.11 |
0.11 |
0.11 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.44 |
0.38 |
-1.23 |
0.37 |
1.17 |
Professional Fees |
0.61 |
0.51 |
0.58 |
0.86 |
0.96 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
0.40 |
0.47 |
0.81 |
0.47 |
0.51 |
Amortization Method Qualified Affordable Housing Project Investments Amortization |
- |
- |
-0.05 |
- |
- |
Appraisal And Other Loan Expense |
0.03 |
0.04 |
- |
- |
- |
Travel Expense |
0.04 |
- |
- |
- |
- |
Other loss/ -income |
1.02 |
0.89 |
2.61 |
0.82 |
0.16 |
Total Operating
Expenses |
6.42 |
6.21 |
6.64 |
6.07 |
6.27 |
Total Costs & Expenses |
10.79 |
9.11 |
8.13 |
6.69 |
6.73 |
Income /-loss before income taxes |
0.34 |
2.27 |
2.28 |
1.88 |
2.61 |
Income taxes expenses/-benefit |
0.09 |
0.67 |
0.76 |
0.53 |
0.76 |
Income after income taxes |
0.25 |
1.60 |
1.53 |
1.35 |
1.85 |
Net income/-loss
of other equity |
0.00 |
0.00 |
- |
0.00 |
0.00 |
Income /-loss after income taxes |
0.25 |
1.60 |
1.53 |
1.35 |
1.85 |
Stockholders Equity Attributable to Noncontrolling Interest |
0.00 |
0.02 |
0.02 |
0.03 |
0.00 |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
0.25 |
1.60 |
1.53 |
1.35 |
1.85 |
Noncontrolling interests |
0.00 |
0.02 |
0.02 |
0.03 |
0.00 |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
0.24 |
1.57 |
1.51 |
1.32 |
1.85 |