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 |
26.12 |
25.03 |
23.79 |
22.29 |
20.51 |
Interest and Dividend Income, Securities |
0.26 |
0.26 |
0.26 |
0.26 |
-5.29 |
Interest Income, Deposits with Financial Institutions |
0.13 |
0.19 |
0.12 |
0.10 |
0.14 |
Other Income |
3.53 |
3.54 |
3.63 |
3.58 |
9.11 |
Total Interest Income |
30.03 |
29.02 |
27.80 |
26.23 |
24.48 |
Interest Expense, Deposits |
11.35 |
10.72 |
8.47 |
5.39 |
3.33 |
Interest Expense, Borrowings |
0.79 |
0.28 |
0.73 |
0.90 |
0.28 |
Other Intrest Expenses |
0.25 |
-0.25 |
- |
- |
- |
Total Interest Expense |
12.14 |
11.00 |
9.20 |
6.28 |
3.61 |
Net Interest Income |
17.90 |
18.02 |
18.60 |
19.95 |
20.87 |
Provision
for loan losses |
2.30 |
0.45 |
0.24 |
0.28 |
1.08 |
Total Net Interest Income |
15.60 |
17.57 |
18.36 |
19.67 |
19.79 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
2.74 |
2.53 |
2.60 |
2.58 |
2.49 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.74 |
3.11 |
0.75 |
0.68 |
0.66 |
Casualty Gains |
- |
- |
- |
- |
- |
Casualty Gain |
- |
- |
- |
- |
- |
Gains On Sales Of Other Real Estate |
- |
- |
- |
- |
- |
Equity Securities F V N I Gain Loss |
- |
- |
- |
- |
- |
Provision Credit For Loan Losses |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
-0.05 |
0.07 |
0.01 |
0.01 |
-0.11 |
Other Non-Interest Income |
2.44 |
2.10 |
2.08 |
2.16 |
2.37 |
Total Noninterest Income |
5.87 |
7.81 |
5.45 |
5.42 |
5.42 |
Total Revenues |
21.47 |
25.38 |
23.81 |
25.09 |
25.21 |
Salaries & employee benefits, SGA |
0.20 |
0.22 |
0.17 |
0.33 |
0.22 |
Other Operating Costs |
- |
- |
-0.31 |
-0.23 |
- |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.40 |
-1.34 |
-1.44 |
-1.47 |
-3.18 |
Professional Fees |
0.70 |
-0.55 |
-0.60 |
-0.44 |
0.54 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.52 |
-0.53 |
-0.59 |
-0.50 |
0.37 |
Other Noninterest Expense |
2.27 |
-1.60 |
-1.53 |
-1.74 |
1.87 |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component |
-0.15 |
0.17 |
0.17 |
0.17 |
-0.42 |
Other Real Estate Owned Expense |
-0.05 |
-0.01 |
0.00 |
-0.04 |
0.02 |
Foreclosed Real Estate Expense Reversal |
-0.02 |
- |
- |
- |
-0.01 |
Other loss/ -income |
12.47 |
-11.60 |
-11.75 |
-11.49 |
17.53 |
Total Operating
Expenses |
17.83 |
-15.59 |
-16.34 |
-15.82 |
17.50 |
Total Costs & Expenses |
-5.29 |
-4.59 |
-7.14 |
-9.54 |
-12.89 |
Income /-loss before income taxes |
4.64 |
9.71 |
7.89 |
9.26 |
9.52 |
Income taxes expenses/-benefit |
0.84 |
2.06 |
1.61 |
1.99 |
2.08 |
Income after income taxes |
3.80 |
7.65 |
6.28 |
7.27 |
7.44 |
Net income/-loss
of other equity |
0.00 |
- |
0.00 |
- |
- |
Income /-loss after income taxes |
3.80 |
7.65 |
6.28 |
7.27 |
7.44 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
3.80 |
7.65 |
6.28 |
7.27 |
7.44 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
3.80 |
7.65 |
6.28 |
7.27 |
7.44 |