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 Held-in-portfolio |
27.01 |
26.02 |
24.07 |
22.15 |
20.29 |
Interest Income, Operating |
5.70 |
5.77 |
5.99 |
5.86 |
5.65 |
Interest Income, Deposits with Financial Institutions |
2.34 |
- |
- |
- |
0.89 |
Other Income |
-1.85 |
0.79 |
0.71 |
0.36 |
-0.44 |
Total Interest Income |
33.20 |
32.58 |
30.76 |
28.37 |
26.39 |
Interest Expense, Deposits |
11.57 |
10.34 |
8.56 |
5.00 |
3.20 |
Interest Expense, Federal Funds Purchased |
0.00 |
0.01 |
0.05 |
0.09 |
-0.23 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
1.62 |
1.57 |
1.95 |
1.63 |
1.07 |
Interest Expense, Other |
1.14 |
1.04 |
1.03 |
1.09 |
0.94 |
Total Interest Expense |
14.33 |
12.96 |
11.58 |
7.80 |
4.98 |
Net Interest Income |
18.87 |
19.62 |
19.18 |
20.57 |
21.41 |
Provision
for loan losses |
1.50 |
1.00 |
0.20 |
0.90 |
0.90 |
Total Net Interest Income |
17.37 |
18.62 |
18.98 |
19.67 |
20.51 |
Insurance Commissions and Fees |
1.36 |
0.51 |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
2.59 |
2.20 |
2.03 |
1.91 |
2.05 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.08 |
1.47 |
1.32 |
1.11 |
-0.01 |
Gain Loss On Sale Of Other Loans And Leases |
- |
- |
- |
- |
- |
Gain On Sale Of Securities |
- |
- |
- |
- |
- |
Debt And Equity Securities Realized Gain Loss |
- |
- |
- |
- |
-0.01 |
Interest Income Deposits With Financial Institutions And Short Term Investments |
- |
- |
- |
- |
- |
Federal Funds Sold Deposits With Financial Institutions And Short Term Investments |
- |
- |
- |
- |
- |
Federal Funds Sold Interest Bearing Deposits With Financial Institutions And Short Term Investments |
-1.85 |
0.79 |
0.71 |
0.36 |
-0.44 |
Loss/ -Gain on Investment |
1.63 |
1.27 |
1.11 |
1.06 |
1.41 |
Other Non-Interest Income |
5.49 |
3.48 |
3.80 |
3.23 |
4.68 |
Total Noninterest Income |
9.31 |
9.72 |
8.95 |
7.66 |
7.68 |
Total Revenues |
26.68 |
28.34 |
27.93 |
27.33 |
28.19 |
Salaries & employee benefits, SGA |
1.05 |
0.77 |
0.67 |
0.99 |
27.02 |
Restructuring, Accretion & impairment charges |
- |
- |
- |
- |
0.49 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
3.85 |
3.68 |
3.50 |
3.80 |
3.36 |
Professional Fees |
0.75 |
0.75 |
0.88 |
0.72 |
0.61 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
2.39 |
3.48 |
2.84 |
2.75 |
3.57 |
Other loss/ -income |
11.54 |
12.20 |
13.54 |
12.90 |
-13.22 |
Total Operating
Expenses |
19.59 |
20.88 |
21.43 |
21.17 |
21.83 |
Total Costs & Expenses |
33.92 |
33.84 |
33.02 |
28.97 |
26.81 |
Income /-loss before income taxes |
7.09 |
7.46 |
6.50 |
6.16 |
6.36 |
Income taxes expenses/-benefit |
1.49 |
1.65 |
1.20 |
1.12 |
0.81 |
Income after income taxes |
5.60 |
5.80 |
5.30 |
5.04 |
5.55 |
Net income/-loss
of other equity |
- |
- |
0.00 |
- |
- |
Income /-loss after income taxes |
5.60 |
5.80 |
5.30 |
5.04 |
5.55 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
5.60 |
5.80 |
5.30 |
5.04 |
5.55 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
5.60 |
5.80 |
5.30 |
5.04 |
5.55 |