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 |
14.80 |
14.05 |
13.43 |
12.37 |
11.83 |
Interest and Dividend Income, Securities |
1.20 |
0.98 |
0.99 |
1.01 |
0.97 |
Other Interest and Dividend Income |
0.87 |
0.82 |
0.76 |
0.84 |
0.98 |
Other Income |
0.03 |
0.03 |
0.02 |
0.02 |
0.07 |
Total Interest Income |
16.90 |
15.87 |
15.20 |
14.24 |
13.86 |
Interest Expense, Deposits |
5.34 |
4.75 |
3.84 |
2.50 |
1.81 |
Interest Expense, Federal Funds Purchased |
0.03 |
- |
0.00 |
0.00 |
0.01 |
Interest Expense, Other |
0.41 |
0.41 |
0.24 |
0.16 |
0.17 |
Total Interest Expense |
5.77 |
5.16 |
4.08 |
2.66 |
1.99 |
Net Interest Income |
11.13 |
10.72 |
11.12 |
11.58 |
11.86 |
Provision
for loan losses |
-1.42 |
0.41 |
0.43 |
0.08 |
- |
Total Net Interest Income |
12.55 |
10.31 |
10.69 |
11.50 |
11.86 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
0.46 |
0.47 |
0.45 |
0.45 |
0.53 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.12 |
0.30 |
0.04 |
0.07 |
-0.24 |
Gain Loss On Sale Of Investments |
- |
- |
- |
- |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal |
-0.36 |
- |
- |
0.08 |
- |
Life Insurance Corporate Or Bank Owned Change In Value |
- |
- |
0.00 |
0.30 |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
- |
- |
- |
0.01 |
- |
Loss/ -Gain on Investment |
0.00 |
- |
-0.01 |
0.00 |
- |
Other Non-Interest Income |
26.16 |
1.68 |
1.91 |
2.16 |
2.02 |
Other Real Estate Owned Income Expense |
-0.04 |
-0.01 |
-0.04 |
-0.04 |
-0.04 |
Debt And Equity Securities Gain Loss |
-9.83 |
-0.04 |
-0.10 |
-0.23 |
0.08 |
Gain Loss On Purchase Of Tax Credits |
0.01 |
0.01 |
0.01 |
0.01 |
0.02 |
Total Noninterest Income |
16.52 |
2.41 |
2.27 |
2.81 |
2.36 |
Total Revenues |
29.07 |
12.72 |
12.96 |
14.31 |
14.23 |
Salaries & employee benefits, SGA |
6.44 |
5.59 |
5.43 |
5.34 |
4.65 |
Depriciation & Amortization |
0.43 |
0.45 |
0.45 |
0.45 |
0.45 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.81 |
0.70 |
0.79 |
0.70 |
-0.11 |
Professional Fees and Commission |
0.43 |
0.32 |
0.25 |
0.18 |
-0.57 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.19 |
0.19 |
0.22 |
0.15 |
0.15 |
Other Noninterest Expense |
1.02 |
0.88 |
0.90 |
0.95 |
0.94 |
Other loss/ -income |
1.45 |
1.37 |
1.48 |
1.26 |
3.49 |
Total Operating
Expenses |
10.77 |
9.49 |
9.50 |
9.03 |
9.00 |
Total Costs & Expenses |
16.54 |
14.64 |
13.58 |
11.69 |
10.99 |
Income /-loss before income taxes |
18.31 |
3.24 |
3.46 |
5.29 |
5.23 |
Income taxes expenses/-benefit |
5.34 |
0.56 |
0.70 |
1.13 |
1.08 |
Income after income taxes |
12.97 |
2.67 |
2.76 |
4.16 |
4.15 |
Net income/-loss
of other equity |
- |
- |
- |
0.00 |
0.00 |
Income /-loss after income taxes |
12.97 |
2.67 |
2.76 |
4.16 |
4.15 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
12.97 |
2.67 |
2.76 |
4.16 |
4.15 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
12.97 |
2.67 |
2.76 |
4.16 |
4.15 |