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 |
143.00 |
138.31 |
128.44 |
120.77 |
106.31 |
Interest and Dividend Income, Securities, Operating |
7.92 |
7.91 |
8.43 |
7.65 |
7.37 |
Other Interest and Dividend Income |
6.93 |
5.87 |
3.80 |
1.44 |
0.85 |
Total Interest Income |
157.84 |
152.09 |
140.67 |
129.87 |
114.53 |
Interest Expense, Deposits |
62.51 |
52.62 |
37.27 |
22.02 |
10.15 |
Interest Expense, Borrowings |
16.93 |
17.76 |
16.17 |
9.78 |
3.48 |
Other Intrest Expenses |
- |
- |
- |
1.27 |
- |
Total Interest Expense |
81.36 |
71.87 |
54.92 |
33.07 |
14.09 |
Net Interest Income |
76.48 |
80.22 |
85.75 |
96.80 |
100.44 |
Provision
for loan losses |
1.81 |
0.89 |
-3.65 |
0.34 |
6.59 |
Total Net Interest Income |
74.67 |
79.33 |
89.40 |
96.47 |
93.85 |
Brokerage Commissions Revenue |
0.29 |
0.25 |
0.29 |
0.45 |
0.47 |
Revenue From Contract With Customer Excluding Assessed Tax |
3.96 |
4.86 |
3.81 |
3.95 |
3.87 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.54 |
0.55 |
0.48 |
-5.17 |
0.63 |
Title Fee Income |
- |
- |
- |
- |
- |
Gain On Sale Of Guaranteed Portion Of Sba Loans |
- |
- |
- |
- |
- |
Increase Decrease In Loans Held For Sale |
- |
- |
- |
- |
- |
Interest Income Securities Mortgage Backed And Other Asset Backed |
- |
- |
- |
- |
- |
Corporate Bond Income |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Loan Swap Fees |
- |
- |
- |
- |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal |
1.81 |
0.89 |
-3.65 |
- |
- |
Loss/ -Gain on Investment |
0.02 |
0.03 |
0.05 |
-1.64 |
0.05 |
Other Non-Interest Income |
1.63 |
4.61 |
9.46 |
11.88 |
2.94 |
Equity Securities Fv Ni Realized Gain Loss |
-0.30 |
-0.78 |
- |
- |
- |
Net Gain Loss On Securities And Other Assets |
-0.02 |
- |
-1.45 |
- |
1.40 |
Total Noninterest Income |
7.93 |
10.41 |
9.00 |
9.47 |
9.36 |
Total Revenues |
82.60 |
89.73 |
98.40 |
105.94 |
103.21 |
Salaries & employee benefits, SGA |
2.08 |
1.49 |
1.45 |
57.73 |
1.53 |
Restructuring, Accretion & impairment charges |
8.56 |
0.48 |
- |
0.00 |
- |
Depriciation & Amortization |
0.35 |
0.35 |
0.38 |
0.43 |
0.43 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
7.28 |
7.14 |
7.37 |
-0.36 |
7.88 |
Professional Fees |
1.28 |
1.68 |
1.92 |
1.83 |
2.12 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.87 |
1.87 |
1.87 |
0.80 |
0.80 |
Other Noninterest Expense |
3.28 |
5.08 |
3.61 |
3.07 |
2.92 |
Other loss/ -income |
34.83 |
34.10 |
30.87 |
-13.67 |
32.62 |
Total Operating
Expenses |
59.52 |
52.19 |
47.48 |
50.70 |
48.30 |
Total Costs & Expenses |
140.89 |
124.06 |
102.40 |
83.77 |
62.39 |
Income /-loss before income taxes |
23.08 |
37.55 |
50.93 |
55.23 |
54.91 |
Income taxes expenses/-benefit |
8.09 |
10.05 |
13.62 |
15.18 |
15.43 |
Income after income taxes |
14.99 |
27.50 |
37.30 |
40.06 |
39.48 |
Net income/-loss
of other equity |
- |
- |
0.00 |
- |
- |
Income /-loss after income taxes |
14.99 |
27.50 |
37.30 |
40.06 |
39.48 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
14.99 |
27.50 |
37.30 |
40.06 |
39.48 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
1.82 |
1.82 |
1.82 |
1.82 |
1.82 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
13.16 |
25.68 |
35.48 |
38.24 |
37.66 |