INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Interest and Fee Income, Loans and Leases |
352.12 |
293.11 |
273.48 |
243.32 |
211.54 |
Interest Income, Securities, Operating, Taxable |
19.17 |
12.70 |
12.37 |
10.18 |
7.48 |
Interest Income, Deposits with Financial Institutions |
20.92 |
17.31 |
13.96 |
9.95 |
6.73 |
Other Income |
0.44 |
0.36 |
0.30 |
0.33 |
0.26 |
Total Interest Income |
392.64 |
323.47 |
300.11 |
263.79 |
226.01 |
Interest Expense, Deposits |
151.78 |
90.02 |
79.98 |
22.33 |
10.22 |
Interest Expense, Short-term Borrowings Excluding Federal Funds and Securities Sold under Agreements to Repurchase |
1.89 |
1.09 |
0.89 |
0.86 |
- |
Interest Expense, Long-term Debt and Capital Securities |
1.75 |
1.73 |
1.55 |
0.77 |
1.46 |
Other Intrest Expenses |
60.17 |
44.99 |
36.16 |
38.01 |
16.81 |
Total Interest Expense |
215.59 |
137.83 |
118.57 |
61.97 |
28.49 |
Net Interest Income |
177.04 |
185.64 |
181.53 |
201.81 |
197.53 |
Provision
for loan losses |
-7.82 |
-7.00 |
-9.16 |
-1.40 |
-2.00 |
Total Net Interest Income |
169.22 |
178.64 |
172.38 |
200.41 |
195.53 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
1.57 |
1.54 |
1.64 |
1.53 |
1.69 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
5.20 |
5.63 |
5.50 |
6.00 |
6.05 |
Letter Of Credit Commissions |
-3.40 |
1.74 |
1.66 |
1.58 |
1.61 |
Dividend Income From Federal Home Loan Bank Stock |
-0.65 |
0.36 |
0.30 |
0.33 |
0.26 |
Provision Reversal For Possible Loan Losses |
- |
- |
- |
- |
- |
Equity Securities Fv Ni Gain Loss |
-4.45 |
-6.22 |
10.66 |
-0.97 |
-3.66 |
Debt Securities Gain Loss |
- |
- |
- |
- |
- |
Equity Securities Fv Ni Unrealized Gain Loss |
- |
- |
- |
- |
- |
Debt And Equity Securities Realized Gain Loss |
- |
- |
- |
- |
- |
Other Non-Interest Income |
4.10 |
4.80 |
3.34 |
3.61 |
3.93 |
Total Noninterest Income |
27.47 |
7.84 |
23.11 |
12.09 |
9.88 |
Total Revenues |
196.69 |
186.48 |
195.49 |
212.50 |
205.41 |
Salaries & employee benefits, SGA |
43.65 |
38.77 |
37.05 |
32.41 |
34.68 |
Depriciation & Amortization |
0.25 |
0.25 |
0.56 |
1.17 |
0.25 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
4.92 |
5.85 |
5.53 |
-0.67 |
5.98 |
Professional Fees |
9.35 |
7.91 |
8.90 |
7.50 |
6.34 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
15.51 |
3.06 |
3.01 |
2.04 |
2.00 |
Other Noninterest Expense |
4.86 |
4.95 |
5.63 |
5.72 |
5.09 |
Foreclosed Real Estate Expense Income |
-0.52 |
0.44 |
0.08 |
0.03 |
0.06 |
Operations Of Affordable Housing Investments Net And Alternative Energy Partnerships Net |
-44.90 |
23.16 |
21.75 |
14.59 |
11.95 |
Business Combination Acquisition And Integration Costs |
- |
- |
- |
0.04 |
0.06 |
Other loss/ -income |
85.18 |
9.59 |
10.32 |
18.40 |
9.00 |
Total Operating
Expenses |
118.30 |
93.97 |
92.82 |
81.22 |
75.39 |
Total Costs & Expenses |
333.89 |
231.80 |
211.39 |
143.20 |
103.87 |
Income /-loss before income taxes |
78.39 |
92.50 |
102.67 |
131.28 |
130.02 |
Income taxes expenses/-benefit |
-1.10 |
10.13 |
9.45 |
33.68 |
30.98 |
Income after income taxes |
79.50 |
82.37 |
93.22 |
97.60 |
99.04 |
Net income/-loss
of other equity |
- |
0.00 |
- |
- |
- |
Income /-loss after income taxes |
79.50 |
82.37 |
93.22 |
97.60 |
99.04 |
Net Income (Loss) Attributable to Noncontrolling Interest |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
79.50 |
82.37 |
93.22 |
97.60 |
99.04 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
79.50 |
82.37 |
93.22 |
97.60 |
99.04 |