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 |
35.64 |
- |
17.38 |
16.78 |
16.82 |
Interest and Dividend Income, Securities |
2.79 |
- |
1.41 |
1.41 |
-4.13 |
Interest Income, Deposits with Financial Institutions |
2.13 |
- |
1.37 |
0.08 |
0.08 |
Other Income |
11.73 |
- |
5.83 |
5.89 |
20.01 |
Total Interest Income |
52.29 |
0.00 |
25.99 |
24.14 |
32.78 |
Interest Expense, Domestic Deposits |
9.65 |
- |
4.87 |
1.00 |
-0.27 |
Interest Expense, Junior Subordinated Debentures |
-1.00 |
- |
0.91 |
0.90 |
2.07 |
Interest Expense, Other |
2.99 |
- |
- |
0.66 |
-0.42 |
Other Intrest Expenses |
0.65 |
- |
0.04 |
0.22 |
10.07 |
Total Interest Expense |
11.65 |
- |
5.78 |
2.56 |
1.39 |
Net Interest Income |
40.64 |
- |
20.21 |
21.58 |
31.39 |
Provision
for loan losses |
0.02 |
- |
-0.34 |
0.63 |
-0.93 |
Total Net Interest Income |
40.62 |
- |
20.55 |
20.95 |
32.31 |
Fees and Commissions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
1.65 |
- |
- |
0.48 |
-1.58 |
Dividends Federal Home Loan Bank Stocks |
-0.11 |
- |
- |
0.11 |
- |
Non Interest Expense Personnel Other |
- |
- |
- |
- |
- |
Loan Placement Fees |
-0.12 |
- |
- |
0.12 |
- |
Service Charges |
-0.75 |
- |
0.37 |
0.39 |
- |
Interchange Fees |
-0.45 |
- |
- |
0.45 |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
0.40 |
- |
- |
- |
- |
Other Non-Interest Income |
1.56 |
- |
1.23 |
-0.36 |
-11.04 |
Regulatory Assessments |
1.10 |
- |
- |
0.21 |
-0.88 |
A T M and Debit Card Expenses |
0.57 |
- |
- |
0.18 |
-1.11 |
Internet Banking Expense |
- |
- |
- |
- |
-0.52 |
Total Noninterest Income |
3.85 |
- |
1.59 |
1.58 |
-9.81 |
Total Revenues |
44.48 |
0.00 |
22.14 |
22.52 |
22.50 |
Salaries & employee benefits, SGA |
15.36 |
- |
7.98 |
8.03 |
7.20 |
Depriciation & Amortization |
0.03 |
- |
- |
0.03 |
-0.07 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
3.20 |
- |
1.26 |
1.26 |
0.09 |
Professional Fees |
3.07 |
- |
- |
0.35 |
0.38 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
-1.14 |
- |
4.57 |
0.94 |
1.14 |
Personnel Expense Other |
-0.26 |
- |
- |
0.26 |
- |
Other loss/ -income |
8.02 |
- |
- |
2.33 |
4.35 |
Total Operating
Expenses |
28.29 |
- |
13.81 |
13.21 |
13.10 |
Total Costs & Expenses |
39.94 |
- |
19.59 |
15.77 |
14.48 |
Income /-loss before income taxes |
16.19 |
- |
8.34 |
9.32 |
9.41 |
Income taxes expenses/-benefit |
3.90 |
- |
2.06 |
2.35 |
1.17 |
Income after income taxes |
12.28 |
0.00 |
6.28 |
6.97 |
8.24 |
Net income/-loss
of other equity |
0.00 |
- |
- |
- |
- |
Income /-loss after income taxes |
12.28 |
0.00 |
6.28 |
6.97 |
8.24 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
12.28 |
0.00 |
6.28 |
6.97 |
8.24 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
12.28 |
0.00 |
6.28 |
6.97 |
8.24 |