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 |
51.29 |
50.12 |
48.65 |
45.33 |
41.99 |
Interest and Dividend Income, Securities |
7.29 |
6.56 |
6.61 |
6.73 |
6.61 |
Other Income |
1.22 |
0.99 |
0.80 |
0.67 |
0.72 |
Total Interest Income |
59.80 |
57.67 |
56.06 |
52.73 |
49.32 |
Interest Expense, Deposits |
22.84 |
20.97 |
19.25 |
15.83 |
10.52 |
Interest Expense, Junior Subordinated Debentures |
0.55 |
0.54 |
0.53 |
0.53 |
0.54 |
Other Intrest Expenses |
3.70 |
3.58 |
3.59 |
2.09 |
1.28 |
Total Interest Expense |
27.09 |
25.09 |
23.37 |
18.45 |
12.34 |
Net Interest Income |
32.71 |
32.58 |
32.69 |
34.28 |
36.98 |
Provision
for loan losses |
0.57 |
-0.57 |
0.10 |
2.00 |
0.47 |
Total Net Interest Income |
32.14 |
33.16 |
32.59 |
32.28 |
36.52 |
Fees and Commissions, Mortgage Banking and Servicing |
1.03 |
0.58 |
0.59 |
0.72 |
1.04 |
Revenue From Contract With Customer Including Assessed Tax |
3.47 |
3.13 |
3.08 |
2.94 |
3.97 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
1.02 |
1.15 |
0.97 |
1.17 |
0.41 |
Brokerage Fees And Insurance Income |
1.19 |
1.22 |
1.15 |
1.09 |
0.88 |
Interest Income Federal Funds Sold And Other Short Term Investments |
0.95 |
0.69 |
0.53 |
0.45 |
0.44 |
Debt And Equity Securities Gain Loss |
-10.31 |
- |
- |
- |
-0.91 |
Loss/ -Gain on Investment |
5.34 |
-5.34 |
- |
- |
0.01 |
Other Non-Interest Income |
-2.57 |
-2.12 |
-1.92 |
-0.63 |
0.90 |
Regulatory Assessments |
0.84 |
0.86 |
0.87 |
0.85 |
0.59 |
Debit Card Expense |
1.35 |
1.32 |
1.26 |
1.20 |
1.19 |
Interest Expense Borrowings Excluding Subordinated Notes and Debentures |
-9.25 |
3.58 |
3.59 |
2.09 |
-1.37 |
Interest Expense Borrowings Excluding Subordinated Notes And Debentures |
12.95 |
- |
- |
- |
2.65 |
Total Noninterest Income |
5.99 |
5.07 |
10.11 |
9.87 |
9.78 |
Total Revenues |
38.13 |
38.23 |
42.70 |
42.14 |
46.30 |
Salaries & employee benefits, SGA |
15.40 |
14.74 |
15.29 |
14.57 |
15.26 |
Depriciation & Amortization |
0.15 |
0.15 |
0.15 |
0.15 |
0.16 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
0.02 |
Occupancy, Net |
1.94 |
1.80 |
1.85 |
2.08 |
1.86 |
Professional Fees |
1.19 |
0.90 |
1.38 |
1.06 |
0.96 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
3.30 |
3.09 |
3.17 |
3.05 |
3.54 |
Equipment And Software Expense |
3.61 |
3.38 |
3.18 |
3.21 |
3.40 |
Foreclosed Real Estate Expense Recoveries |
0.07 |
-0.03 |
0.00 |
- |
- |
Other loss/ -income |
2.18 |
2.18 |
2.13 |
2.05 |
1.79 |
Total Operating
Expenses |
27.85 |
26.21 |
27.14 |
26.17 |
26.99 |
Total Costs & Expenses |
54.93 |
51.29 |
50.51 |
44.61 |
39.33 |
Income /-loss before income taxes |
10.28 |
12.02 |
15.55 |
15.98 |
19.31 |
Income taxes expenses/-benefit |
1.80 |
2.24 |
3.17 |
3.25 |
3.95 |
Income after income taxes |
8.48 |
9.79 |
12.39 |
12.73 |
15.35 |
Net income/-loss
of other equity |
0.00 |
0.00 |
- |
- |
0.00 |
Income /-loss after income taxes |
8.48 |
9.79 |
12.39 |
12.73 |
15.35 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
8.48 |
9.79 |
12.39 |
12.73 |
15.35 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
8.48 |
9.79 |
12.39 |
12.73 |
15.35 |