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 |
26.97 |
26.00 |
24.80 |
23.03 |
21.36 |
Interest and Dividend Income, Securities |
2.89 |
2.67 |
2.59 |
2.56 |
3.29 |
Other Interest and Dividend Income |
0.18 |
0.36 |
0.55 |
0.68 |
1.70 |
Other Income |
-0.09 |
0.04 |
0.05 |
0.02 |
0.03 |
Total Interest Income |
29.94 |
29.07 |
27.99 |
26.29 |
26.38 |
Interest Expense, Deposits |
9.80 |
8.74 |
7.08 |
5.14 |
2.67 |
Interest Expense, Short-term Borrowings |
0.39 |
0.38 |
0.44 |
0.04 |
0.01 |
Interest Expense, Long-term Debt and Capital Securities |
0.03 |
0.37 |
0.55 |
0.54 |
0.33 |
Other Intrest Expenses |
0.57 |
0.22 |
0.03 |
0.03 |
0.22 |
Total Interest Expense |
10.78 |
9.70 |
8.09 |
5.74 |
3.23 |
Net Interest Income |
19.17 |
19.37 |
19.90 |
20.56 |
23.15 |
Provision
for loan losses |
-0.83 |
0.13 |
-0.03 |
0.49 |
2.08 |
Total Net Interest Income |
19.93 |
19.12 |
19.98 |
19.82 |
21.07 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
1.26 |
1.29 |
1.28 |
1.20 |
0.42 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.77 |
0.55 |
0.59 |
0.86 |
-0.22 |
Debt Securities Available For Sale Realized Gain Loss |
- |
- |
- |
-0.39 |
- |
Net Investment In Lease Credit Loss Expense Reversal |
0.27 |
0.12 |
- |
- |
- |
Asset Management Fees |
- |
- |
- |
- |
- |
Service Charges On Deposit Accounts |
1.53 |
1.60 |
1.54 |
1.49 |
-2.68 |
Loss/ -Gain on Investment |
0.03 |
0.04 |
0.00 |
0.01 |
-0.27 |
Other Non-Interest Income |
-0.60 |
-0.13 |
-0.44 |
0.33 |
-1.31 |
Debit Card Processing |
0.52 |
0.55 |
0.43 |
0.48 |
-0.84 |
Charitable Donations |
0.68 |
0.06 |
0.90 |
- |
-0.09 |
Impaired Loan Carrying Costs |
- |
- |
- |
- |
-0.36 |
Recovery Of Impaired Loan Carrying Costs |
-0.22 |
0.11 |
-0.24 |
- |
- |
Total Noninterest Income |
4.24 |
4.19 |
4.05 |
3.98 |
3.27 |
Total Revenues |
24.17 |
23.31 |
24.03 |
23.80 |
24.34 |
Salaries & employee benefits, SGA |
0.04 |
0.35 |
0.39 |
0.62 |
16.23 |
Restructuring, Accretion & impairment charges |
0.05 |
- |
- |
0.12 |
1.13 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.93 |
0.85 |
0.88 |
0.98 |
-0.57 |
Professional Fees |
0.44 |
0.55 |
0.38 |
0.47 |
0.95 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.24 |
0.25 |
0.24 |
0.25 |
0.09 |
Other Noninterest Expense |
2.16 |
2.00 |
1.08 |
0.77 |
1.17 |
Other loss/ -income |
13.42 |
11.90 |
12.50 |
11.61 |
-3.35 |
Total Operating
Expenses |
17.29 |
15.90 |
15.48 |
14.81 |
17.91 |
Total Costs & Expenses |
28.06 |
25.60 |
23.57 |
20.55 |
21.14 |
Income /-loss before income taxes |
6.89 |
7.42 |
8.55 |
8.99 |
6.43 |
Income taxes expenses/-benefit |
1.44 |
1.50 |
1.94 |
1.99 |
1.33 |
Income after income taxes |
5.45 |
5.92 |
6.61 |
6.99 |
5.10 |
Net income/-loss
of other equity |
0.00 |
- |
0.00 |
0.00 |
- |
Income /-loss after income taxes |
5.45 |
5.92 |
6.61 |
6.99 |
5.10 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
5.45 |
5.92 |
6.61 |
6.99 |
5.10 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
5.45 |
5.92 |
6.61 |
6.99 |
5.10 |