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 |
13.33 |
13.16 |
12.49 |
12.47 |
11.87 |
Interest and Dividend Income, Securities, Operating |
1.22 |
1.55 |
1.10 |
0.81 |
0.79 |
Total Interest Income |
14.55 |
14.72 |
13.59 |
13.28 |
12.65 |
Interest Expense, Deposits |
3.83 |
3.75 |
2.28 |
0.91 |
0.53 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
0.20 |
- |
- |
0.42 |
0.20 |
Interest Expense, Borrowings |
- |
0.25 |
0.28 |
-0.19 |
- |
Total Interest Expense |
4.03 |
4.00 |
2.56 |
1.14 |
0.73 |
Net Interest Income |
10.52 |
10.72 |
11.03 |
12.14 |
11.92 |
Provision
for loan losses |
0.04 |
0.01 |
-0.72 |
-0.46 |
0.30 |
Total Net Interest Income |
10.48 |
10.71 |
11.75 |
12.60 |
11.63 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.57 |
0.54 |
0.33 |
0.28 |
0.30 |
Loan Document Processing Fees |
- |
- |
0.08 |
- |
0.11 |
Service Charges |
- |
- |
0.15 |
- |
0.11 |
Other Loan Fees |
- |
- |
0.17 |
- |
0.29 |
Financing Receivable And Off Balance Sheet Commitments Credit Loss Expense Reversal |
- |
- |
-0.72 |
- |
- |
Loss/ -Gain on Investment |
0.02 |
0.06 |
0.03 |
0.01 |
0.05 |
Other Non-Interest Income |
0.49 |
0.56 |
0.72 |
0.47 |
- |
Total Noninterest Income |
1.08 |
1.15 |
0.76 |
0.76 |
0.87 |
Total Revenues |
11.56 |
11.85 |
12.51 |
13.37 |
12.50 |
Salaries & employee benefits, SGA |
0.18 |
0.28 |
0.21 |
9.54 |
0.20 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.09 |
1.14 |
1.10 |
0.50 |
1.05 |
Professional Fees |
0.67 |
0.85 |
0.92 |
1.24 |
0.65 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.33 |
0.28 |
0.18 |
0.11 |
0.13 |
Other Noninterest Expense |
- |
- |
- |
- |
- |
Depreciation Amortization And Accretion Net |
0.18 |
0.18 |
0.18 |
0.18 |
0.17 |
Share Based Compensation |
- |
- |
- |
-0.16 |
- |
Other Noninterest Expense Recapture |
0.45 |
0.45 |
0.45 |
0.77 |
0.29 |
Other loss/ -income |
5.46 |
5.68 |
5.80 |
-3.59 |
5.13 |
Total Operating
Expenses |
8.36 |
8.85 |
8.83 |
8.58 |
7.61 |
Total Costs & Expenses |
12.40 |
12.85 |
11.39 |
9.72 |
8.34 |
Income /-loss before income taxes |
3.19 |
3.00 |
3.68 |
4.79 |
4.89 |
Income taxes expenses/-benefit |
0.94 |
0.88 |
1.22 |
1.41 |
1.41 |
Income after income taxes |
2.25 |
2.12 |
2.46 |
3.38 |
3.48 |
Net income/-loss
of other equity |
- |
- |
0.00 |
- |
0.00 |
Income /-loss after income taxes |
2.25 |
2.12 |
2.46 |
3.38 |
3.48 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
2.25 |
2.12 |
2.46 |
3.38 |
3.48 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
2.25 |
2.12 |
2.46 |
3.38 |
3.48 |