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 |
120.64 |
115.41 |
111.05 |
106.90 |
104.95 |
Interest and Dividend Income, Securities |
5.45 |
5.26 |
5.28 |
5.32 |
4.91 |
Interest Income, Federal Funds Sold |
1.96 |
2.11 |
4.06 |
2.98 |
1.40 |
Other Income |
0.91 |
0.91 |
0.95 |
0.90 |
1.22 |
Total Interest Income |
128.96 |
123.69 |
121.33 |
116.10 |
112.47 |
Interest Expense, Deposits |
59.33 |
56.04 |
50.71 |
40.09 |
26.54 |
Interest Expense, Debt |
7.80 |
5.29 |
6.77 |
8.93 |
7.92 |
Total Interest Expense |
67.14 |
61.33 |
57.48 |
49.01 |
34.46 |
Net Interest Income |
61.82 |
62.36 |
63.84 |
67.08 |
78.01 |
Provision
for loan losses |
2.70 |
1.50 |
3.00 |
1.00 |
3.30 |
Total Net Interest Income |
59.12 |
60.86 |
60.84 |
66.08 |
74.71 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
1.64 |
1.60 |
1.55 |
1.53 |
1.53 |
Gain On Sale Of Branches |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Equity Securities Fv Ni Gain Loss |
0.56 |
-0.27 |
-0.21 |
-0.19 |
-0.69 |
Debt Securities Available For Sale Realized Gain Loss |
- |
- |
- |
- |
- |
Provision For Loan And Lease Losses Including Unfunded Commitments |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.47 |
0.63 |
0.55 |
0.05 |
0.77 |
Other Non-Interest Income |
- |
- |
- |
- |
0.61 |
Deposit Loan And Other Income |
1.55 |
1.61 |
1.55 |
1.40 |
1.89 |
Federal Deposit Insurance Corporation Premium Expenses |
- |
- |
- |
- |
-0.61 |
Total Noninterest Income |
4.21 |
3.56 |
3.44 |
2.79 |
3.51 |
Total Revenues |
63.33 |
64.42 |
64.28 |
68.88 |
78.22 |
Salaries & employee benefits, SGA |
0.32 |
0.55 |
0.56 |
0.53 |
37.99 |
Restructuring, Accretion & impairment charges |
- |
- |
- |
- |
-0.68 |
Depriciation & Amortization |
0.35 |
0.35 |
0.37 |
0.37 |
0.41 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
2.71 |
-2.74 |
-2.68 |
-2.76 |
6.53 |
Professional Fees |
1.59 |
-1.83 |
-1.93 |
-2.19 |
5.74 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
3.90 |
-1.80 |
-1.72 |
-0.95 |
1.44 |
Other Noninterest Expense |
2.82 |
-2.77 |
-2.83 |
-2.76 |
6.35 |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component |
-0.03 |
0.03 |
0.03 |
0.03 |
-0.43 |
Acquisition Costs |
- |
- |
- |
- |
0.68 |
Other loss/ -income |
26.19 |
-25.76 |
-25.40 |
-25.32 |
69.23 |
Total Operating
Expenses |
37.85 |
-33.98 |
-33.60 |
-33.06 |
126.57 |
Total Costs & Expenses |
30.63 |
27.35 |
23.89 |
15.95 |
-94.03 |
Income /-loss before income taxes |
25.49 |
28.64 |
28.83 |
34.01 |
44.91 |
Income taxes expenses/-benefit |
6.21 |
7.23 |
7.44 |
9.08 |
12.35 |
Income after income taxes |
19.27 |
21.41 |
21.39 |
24.93 |
32.56 |
Net income/-loss
of other equity |
- |
0.00 |
0.00 |
- |
- |
Income /-loss after income taxes |
19.27 |
21.41 |
21.39 |
24.93 |
32.56 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
19.27 |
21.41 |
21.39 |
24.93 |
32.56 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
1.51 |
1.51 |
1.51 |
1.51 |
1.51 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
17.76 |
19.90 |
19.89 |
23.42 |
31.05 |