INCOME STATEMENT (Quarterly GAAP In millions $) |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Interest and Fee Income, Loans and Leases |
25.12 |
23.68 |
22.34 |
19.97 |
16.88 |
Interest and Dividend Income, Securities |
0.10 |
0.21 |
0.22 |
0.08 |
0.22 |
Interest Income, Federal Funds Sold |
2.78 |
2.19 |
1.50 |
1.60 |
0.81 |
Other Income |
0.17 |
0.14 |
0.12 |
0.25 |
0.10 |
Total Interest Income |
28.17 |
26.23 |
24.18 |
21.90 |
18.01 |
Interest Expense, Deposits |
15.42 |
13.66 |
10.42 |
7.78 |
3.99 |
Interest Expense, Long-term Debt and Capital Securities |
0.30 |
0.29 |
0.28 |
-0.62 |
0.25 |
Other Intrest Expenses |
0.78 |
0.79 |
0.74 |
1.59 |
0.45 |
Total Interest Expense |
16.50 |
14.74 |
11.44 |
8.75 |
4.69 |
Net Interest Income |
11.67 |
11.49 |
12.73 |
13.16 |
13.32 |
Provision
for loan losses |
1.19 |
0.01 |
0.24 |
0.64 |
0.15 |
Total Net Interest Income |
10.47 |
11.47 |
12.50 |
12.52 |
13.17 |
Investment Banking Revenue |
0.40 |
0.38 |
0.30 |
0.31 |
0.27 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.24 |
0.26 |
0.24 |
-0.14 |
0.13 |
Gains Losses On Sales Of Other Assets |
- |
- |
- |
- |
- |
Swap Fee Income |
0.44 |
0.14 |
0.03 |
0.15 |
0.02 |
Gain On Purchase Of Business |
- |
- |
- |
- |
- |
Gain Loss On Sales Of Residential Mortgage Loans |
0.05 |
0.04 |
0.00 |
-0.02 |
- |
Gain Loss On Sales Of Sba Loans Net |
- |
- |
- |
0.08 |
0.13 |
Gain On Sale Of Deposits |
- |
- |
- |
- |
- |
Other Non-Interest Income |
0.17 |
0.16 |
0.15 |
0.27 |
0.15 |
Total Noninterest Income |
1.30 |
0.98 |
0.72 |
0.65 |
0.71 |
Total Revenues |
11.78 |
12.45 |
13.22 |
13.17 |
13.87 |
Salaries & employee benefits, SGA |
0.36 |
0.40 |
0.48 |
6.74 |
0.29 |
Depriciation & Amortization |
0.15 |
0.15 |
0.13 |
0.12 |
0.13 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.96 |
0.94 |
0.93 |
0.82 |
1.45 |
Professional Fees and Commission |
0.64 |
0.63 |
0.61 |
0.32 |
0.90 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
0.03 |
0.04 |
0.06 |
0.06 |
0.05 |
Federal Deposit Insurance Corporation Premium Expense |
0.57 |
0.52 |
0.50 |
0.44 |
0.31 |
Other Noninterest Expense |
0.15 |
0.18 |
0.49 |
0.30 |
0.15 |
Regulatory Assessment |
0.06 |
0.06 |
0.06 |
0.07 |
0.07 |
Other Insurance |
0.06 |
0.05 |
0.05 |
0.04 |
0.05 |
Other loss/ -income |
3.79 |
4.20 |
4.39 |
-1.88 |
5.22 |
Total Operating
Expenses |
6.76 |
7.17 |
7.69 |
7.27 |
8.60 |
Total Costs & Expenses |
23.26 |
21.91 |
19.13 |
16.02 |
13.29 |
Income /-loss before income taxes |
5.02 |
5.28 |
5.52 |
5.90 |
5.27 |
Income taxes expenses/-benefit |
0.98 |
1.06 |
1.08 |
1.23 |
1.02 |
Income after income taxes |
4.03 |
4.22 |
4.45 |
4.67 |
4.25 |
Net income/-loss
of other equity |
- |
- |
- |
0.00 |
0.00 |
Income /-loss after income taxes |
4.03 |
4.22 |
4.45 |
4.67 |
4.25 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
4.03 |
4.22 |
4.45 |
4.67 |
4.25 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
4.03 |
4.22 |
4.45 |
4.67 |
4.25 |