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 |
57.76 |
55.58 |
52.35 |
47.00 |
42.96 |
Interest and Dividend Income, Securities |
0.83 |
0.91 |
0.95 |
1.16 |
-12.51 |
Interest Income, Deposits with Financial Institutions |
0.94 |
1.27 |
2.59 |
1.59 |
1.24 |
Other Income |
12.34 |
12.43 |
11.79 |
11.77 |
24.89 |
Total Interest Income |
71.86 |
70.19 |
67.68 |
61.53 |
56.59 |
Interest Expense, Deposits |
12.48 |
10.55 |
8.57 |
5.69 |
3.01 |
Interest Expense, Short-term Borrowings |
3.69 |
2.99 |
2.96 |
2.38 |
1.53 |
Other Intrest Expenses |
1.03 |
1.03 |
0.65 |
- |
- |
Total Interest Expense |
17.20 |
14.58 |
12.18 |
8.07 |
4.54 |
Net Interest Income |
54.67 |
55.61 |
55.50 |
53.46 |
52.05 |
Provision
for loan losses |
-0.30 |
0.20 |
0.43 |
2.92 |
0.50 |
Total Net Interest Income |
54.97 |
55.41 |
55.08 |
50.54 |
51.55 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
48.48 |
7.12 |
6.91 |
6.56 |
46.82 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
3.02 |
0.74 |
0.95 |
1.33 |
-0.26 |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Gain On Sale Of Investments |
- |
- |
- |
- |
- |
Debt And Equity Securities Realized Gain Loss |
- |
-0.73 |
- |
0.77 |
- |
Equity Securities Fv Ni Unrealized Gain Loss |
- |
- |
-0.29 |
0.36 |
- |
Loss/ -Gain on Investment |
-0.05 |
0.04 |
0.02 |
0.02 |
0.05 |
Other Non-Interest Income |
-37.21 |
10.23 |
12.72 |
9.64 |
-28.08 |
Total Noninterest Income |
14.24 |
17.41 |
20.30 |
18.68 |
18.54 |
Total Revenues |
69.20 |
72.82 |
75.38 |
69.22 |
70.08 |
Salaries & employee benefits, SGA |
18.77 |
18.29 |
18.43 |
17.67 |
15.40 |
Restructuring, Accretion & impairment charges |
-0.50 |
0.00 |
- |
5.65 |
0.27 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
2.92 |
2.95 |
2.81 |
2.64 |
1.39 |
Professional Fees |
0.48 |
0.53 |
0.56 |
0.47 |
0.61 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
1.09 |
1.13 |
1.19 |
1.07 |
1.04 |
Federal Deposit Insurance Corporation Premium Expense |
0.87 |
0.92 |
0.69 |
0.45 |
0.41 |
Other Noninterest Expense |
5.49 |
4.80 |
4.85 |
4.70 |
4.20 |
Bankcard Expenses |
2.01 |
2.19 |
1.74 |
1.51 |
1.36 |
Other loss/ -income |
3.98 |
4.23 |
4.50 |
4.47 |
7.91 |
Total Operating
Expenses |
35.11 |
35.03 |
34.76 |
38.62 |
32.59 |
Total Costs & Expenses |
52.31 |
49.60 |
46.94 |
46.69 |
37.13 |
Income /-loss before income taxes |
34.09 |
37.80 |
40.62 |
30.60 |
37.50 |
Income taxes expenses/-benefit |
6.64 |
7.96 |
7.88 |
6.26 |
6.82 |
Income after income taxes |
27.45 |
29.84 |
32.73 |
24.34 |
30.67 |
Net income/-loss
of other equity |
0.00 |
- |
- |
- |
0.00 |
Income /-loss after income taxes |
27.45 |
29.84 |
32.73 |
24.34 |
30.67 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
27.45 |
29.84 |
32.73 |
24.34 |
30.67 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
27.45 |
29.84 |
32.73 |
24.34 |
30.67 |