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 Held-in-portfolio |
849.00 |
862.00 |
852.00 |
777.00 |
719.00 |
Other Interest and Dividend Income |
96.00 |
136.00 |
114.00 |
59.00 |
39.00 |
Other Income |
104.00 |
105.00 |
108.00 |
113.00 |
118.00 |
Total Interest Income |
1,049.00 |
1,103.00 |
1,074.00 |
949.00 |
876.00 |
Interest Expense, Deposits |
302.00 |
271.00 |
201.00 |
118.00 |
78.00 |
Interest Expense, Short-term Borrowings |
58.00 |
125.00 |
142.00 |
66.00 |
-5.00 |
0 |
105.00 |
106.00 |
110.00 |
57.00 |
61.00 |
Total Interest Expense |
465.00 |
502.00 |
453.00 |
241.00 |
134.00 |
Net Interest Income |
584.00 |
601.00 |
621.00 |
708.00 |
742.00 |
Provision
for loan losses |
12.00 |
14.00 |
33.00 |
30.00 |
33.00 |
Total Net Interest Income |
572.00 |
587.00 |
588.00 |
678.00 |
709.00 |
Brokerage Commissions Revenue |
8.00 |
6.00 |
8.00 |
8.00 |
7.00 |
Bank owned life insurance |
- |
- |
- |
- |
- |
Other Noninterest Income |
-9.00 |
36.00 |
32.00 |
24.00 |
5.00 |
Commercial Lending Fees |
- |
19.00 |
18.00 |
18.00 |
- |
Letter Of Credit Fees |
- |
10.00 |
11.00 |
10.00 |
- |
Card Fees |
- |
71.00 |
72.00 |
69.00 |
- |
Foreign Exchange Income |
- |
- |
- |
- |
- |
Interest And Dividend Income Securities A F S And H T M |
- |
105.00 |
108.00 |
113.00 |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Foreign Currency Transaction Gain (Loss) |
- |
- |
- |
- |
109.00 |
Other Non-Interest Income |
199.00 |
48.00 |
54.00 |
40.00 |
157.00 |
Total Noninterest Income |
198.00 |
295.00 |
303.00 |
282.00 |
278.00 |
Total Revenues |
770.00 |
882.00 |
891.00 |
960.00 |
987.00 |
Salaries & employee benefits, SGA |
359.00 |
315.00 |
306.00 |
326.00 |
303.00 |
Equipment expense |
- |
- |
- |
- |
- |
Occupancy, Net |
45.00 |
44.00 |
41.00 |
41.00 |
53.00 |
Outside service fees |
- |
- |
- |
- |
- |
Customer services |
- |
- |
- |
- |
- |
Restructuring charges |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
132.00 |
19.00 |
16.00 |
13.00 |
7.00 |
Other Noninterest Expense |
44.00 |
34.00 |
39.00 |
47.00 |
31.00 |
Outside Processing Fee Expense |
70.00 |
75.00 |
68.00 |
64.00 |
63.00 |
Software Expenses |
44.00 |
44.00 |
43.00 |
40.00 |
41.00 |
Total noninterest revenues |
24.00 |
24.00 |
22.00 |
20.00 |
43.00 |
Total Operating
Expenses |
718.00 |
555.00 |
535.00 |
551.00 |
541.00 |
Total Costs & Expenses |
1,183.00 |
1,057.00 |
988.00 |
792.00 |
675.00 |
Income /-loss before income taxes |
52.00 |
327.00 |
356.00 |
409.00 |
446.00 |
Income taxes expenses/-benefit |
19.00 |
76.00 |
83.00 |
85.00 |
96.00 |
Income after income taxes |
33.00 |
251.00 |
273.00 |
324.00 |
350.00 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
33.00 |
251.00 |
273.00 |
324.00 |
350.00 |
Preferred stock dividends |
- |
- |
- |
- |
- |
Accounting Change |
- |
- |
- |
- |
- |
Net Income/-loss |
33.00 |
251.00 |
273.00 |
324.00 |
350.00 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
6.00 |
6.00 |
5.00 |
6.00 |
6.00 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
27.00 |
244.00 |
266.00 |
317.00 |
342.00 |