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 |
19.08 |
17.96 |
17.13 |
17.04 |
15.94 |
Interest Income, Securities, Operating, Taxable |
2.69 |
2.82 |
2.55 |
2.32 |
2.02 |
Total Interest Income |
21.77 |
20.78 |
19.67 |
19.36 |
17.96 |
Interest Expense, Deposits |
7.39 |
6.16 |
4.35 |
2.70 |
1.68 |
Interest Expense, Borrowings |
1.21 |
1.89 |
1.49 |
1.13 |
0.57 |
Interest Expense, Other |
1.05 |
1.04 |
1.04 |
1.06 |
1.25 |
Total Interest Expense |
9.65 |
9.09 |
6.88 |
4.88 |
3.50 |
Net Interest Income |
12.12 |
11.69 |
12.80 |
14.48 |
14.46 |
Provision
for loan losses |
-0.33 |
0.45 |
0.05 |
0.70 |
0.38 |
Total Net Interest Income |
12.45 |
11.24 |
12.75 |
13.78 |
14.08 |
Fees and Commissions, Mortgage Banking and Servicing |
0.61 |
0.50 |
0.57 |
0.53 |
0.61 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.31 |
0.33 |
0.25 |
0.22 |
0.32 |
Noninterest Income Loan Fees And Servicing Charges |
- |
0.09 |
0.08 |
0.18 |
0.27 |
Settlement Proceeds |
- |
- |
- |
- |
- |
Gain Loss On Disposition Of Acquired Business Lines |
- |
- |
- |
- |
- |
Non Interest Income Other Insurance Commissions |
- |
- |
- |
- |
- |
Interchange Income |
- |
0.59 |
0.55 |
0.58 |
0.60 |
Noninterest Income Service Charges On Deposit Accounts |
- |
0.49 |
0.49 |
0.51 |
0.54 |
Equity Securities Fv Ni Gain Loss |
- |
0.01 |
0.06 |
0.71 |
-0.06 |
Gain (Loss) on Disposition of Assets and Other Investments |
0.10 |
-0.01 |
-0.03 |
-0.38 |
-0.01 |
Loss/ -Gain on Investment |
0.30 |
0.90 |
0.30 |
0.14 |
0.19 |
Other Non-Interest Income |
1.25 |
0.01 |
0.03 |
0.38 |
0.01 |
Total Noninterest Income |
2.57 |
2.91 |
2.29 |
2.87 |
2.47 |
Total Revenues |
15.01 |
14.15 |
15.04 |
16.65 |
16.55 |
Salaries & employee benefits, SGA |
5.29 |
5.34 |
5.34 |
4.78 |
5.90 |
Depriciation & Amortization |
0.18 |
0.19 |
0.20 |
0.25 |
0.40 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.34 |
1.36 |
1.42 |
3.97 |
1.43 |
Professional Fees |
0.34 |
0.31 |
0.51 |
1.36 |
0.38 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.20 |
0.20 |
0.20 |
0.35 |
0.12 |
Other Noninterest Expense |
0.65 |
0.72 |
0.73 |
2.56 |
1.01 |
Servicing Asset At Amortized Value Amortization |
- |
- |
- |
-0.33 |
- |
Investment Tax Credit |
- |
- |
- |
0.49 |
0.16 |
Servicing Asset At Amortized Cost Amortization Net Of Recoveries |
0.15 |
0.15 |
0.16 |
-0.17 |
0.20 |
Other loss/ -income |
1.82 |
1.59 |
1.57 |
4.40 |
1.67 |
Total Operating
Expenses |
9.97 |
9.85 |
10.12 |
17.65 |
11.28 |
Total Costs & Expenses |
19.62 |
18.94 |
17.00 |
22.54 |
14.78 |
Income /-loss before income taxes |
5.04 |
4.30 |
4.92 |
6.32 |
5.28 |
Income taxes expenses/-benefit |
2.54 |
1.10 |
1.25 |
1.62 |
1.28 |
Income after income taxes |
2.50 |
3.21 |
3.66 |
4.70 |
3.99 |
Net income/-loss
of other equity |
0.00 |
- |
0.00 |
0.00 |
0.00 |
Income /-loss after income taxes |
2.50 |
3.21 |
3.66 |
4.70 |
3.99 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
2.50 |
3.21 |
3.66 |
4.70 |
3.99 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
2.50 |
3.21 |
3.66 |
4.70 |
3.99 |