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 |
39.73 |
37.98 |
36.40 |
33.09 |
27.18 |
Interest and Dividend Income, Securities |
2.34 |
2.32 |
2.26 |
-1.31 |
2.00 |
Interest Income, Deposits with Financial Institutions |
0.72 |
0.05 |
0.05 |
-1.10 |
0.42 |
Other Income |
3.00 |
2.98 |
2.83 |
7.31 |
2.94 |
Total Interest Income |
45.79 |
43.34 |
41.54 |
37.99 |
32.53 |
Interest Expense, Deposits |
9.58 |
7.53 |
3.23 |
1.49 |
0.94 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Short-term |
3.26 |
3.13 |
4.28 |
2.51 |
0.18 |
Interest Expense, Subordinated Notes and Debentures |
1.24 |
1.20 |
1.17 |
1.08 |
0.98 |
Other Intrest Expenses |
0.20 |
0.13 |
0.26 |
0.34 |
0.00 |
Total Interest Expense |
14.28 |
12.00 |
8.94 |
5.43 |
2.09 |
Net Interest Income |
31.50 |
31.34 |
32.60 |
32.57 |
30.44 |
Provision
for loan losses |
0.63 |
0.86 |
0.62 |
0.75 |
0.30 |
Total Net Interest Income |
30.87 |
30.48 |
31.98 |
31.81 |
30.14 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.60 |
1.14 |
1.93 |
0.53 |
0.48 |
Automated Teller Machine Fees |
- |
- |
- |
- |
- |
Automated Teller Machine And Interchange Expense |
0.62 |
0.62 |
0.58 |
0.59 |
0.60 |
Revenue From Contract With Customer Excluding Assessed Tax |
- |
- |
- |
- |
- |
Automated Teller Machine And Interchange Fees |
1.42 |
1.45 |
1.35 |
1.51 |
1.39 |
Wealth Management Fees |
1.20 |
1.18 |
1.19 |
1.19 |
1.21 |
Federal Funds Sold And Other |
- |
- |
- |
- |
- |
Computer Center Data Processing Fees |
- |
- |
- |
0.07 |
- |
Impairment Loss On Investment Securities |
- |
- |
- |
- |
- |
Computer Center Item Processing Fees |
- |
- |
- |
- |
- |
Tax Refund Processing Fees |
- |
0.48 |
1.90 |
- |
- |
Loss/ -Gain on Investment |
0.79 |
0.62 |
0.63 |
1.25 |
0.64 |
Other Non-Interest Income |
2.28 |
2.36 |
2.45 |
4.23 |
0.61 |
State Franchise Tax |
0.59 |
0.65 |
0.53 |
0.13 |
0.63 |
Interest Expense On Securities Sold Under Agreements To Repurchase And Other Interest Expenses |
0.20 |
0.13 |
0.26 |
0.34 |
0.00 |
Federal Deposit Insurance Corporation Premium Recovery Expense |
0.44 |
0.53 |
0.25 |
0.23 |
0.17 |
Total Noninterest Income |
8.13 |
9.15 |
11.07 |
10.06 |
5.73 |
Total Revenues |
39.00 |
39.63 |
43.05 |
41.88 |
35.87 |
Salaries & employee benefits, SGA |
0.50 |
0.54 |
0.51 |
23.73 |
0.37 |
Depriciation & Amortization |
0.40 |
0.40 |
0.40 |
0.41 |
0.46 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.37 |
1.37 |
1.36 |
0.22 |
1.25 |
Professional Fees |
1.01 |
1.24 |
1.56 |
1.80 |
1.34 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
3.39 |
3.21 |
3.20 |
2.77 |
2.83 |
Software Maintenance Expense |
1.05 |
1.06 |
0.88 |
0.99 |
0.94 |
Other loss/ -income |
19.04 |
20.10 |
19.74 |
-3.42 |
15.37 |
Total Operating
Expenses |
26.75 |
27.91 |
27.63 |
27.30 |
22.56 |
Total Costs & Expenses |
41.03 |
39.91 |
36.57 |
32.73 |
24.65 |
Income /-loss before income taxes |
12.25 |
11.71 |
15.42 |
14.58 |
13.32 |
Income taxes expenses/-benefit |
1.86 |
1.68 |
2.53 |
2.43 |
2.21 |
Income after income taxes |
10.39 |
10.03 |
12.89 |
12.15 |
11.11 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
10.39 |
10.03 |
12.89 |
12.15 |
11.11 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
10.39 |
10.03 |
12.89 |
12.15 |
11.11 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
10.39 |
10.03 |
12.89 |
12.15 |
11.11 |