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 |
23.02 |
21.94 |
21.60 |
20.89 |
20.02 |
Interest and Dividend Income, Securities |
0.05 |
0.05 |
0.05 |
0.09 |
-3.57 |
Interest Income, Domestic Deposits |
0.10 |
0.13 |
0.08 |
0.10 |
0.08 |
Other Income |
2.04 |
2.17 |
2.25 |
2.29 |
5.85 |
Total Interest Income |
25.21 |
24.29 |
23.99 |
23.37 |
22.38 |
Interest Expense, Deposits |
8.64 |
7.54 |
6.28 |
4.02 |
1.69 |
Interest Expense, Subordinated Notes and Debentures |
0.56 |
0.56 |
0.54 |
0.53 |
0.51 |
Interest Expense, Other |
2.06 |
1.93 |
1.49 |
1.50 |
0.98 |
Total Interest Expense |
11.26 |
10.04 |
8.31 |
6.04 |
3.17 |
Net Interest Income |
13.95 |
14.26 |
15.68 |
17.33 |
19.21 |
Provision
for loan losses |
0.28 |
0.51 |
-0.12 |
-0.65 |
0.92 |
Total Net Interest Income |
13.66 |
13.75 |
15.80 |
17.98 |
18.29 |
Insurance Commissions and Fees |
1.61 |
3.50 |
2.72 |
2.43 |
2.20 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.23 |
0.64 |
0.57 |
0.35 |
0.42 |
Gain Loss On Insurance Proceeds |
- |
- |
- |
- |
- |
Gain Loss On Insurance Settlement |
- |
- |
- |
- |
- |
Gain Loss On Tax Credit Investment |
- |
- |
- |
- |
- |
Provision Credit For Loan Losses |
- |
- |
- |
- |
- |
Deposit Service Charges |
0.67 |
0.67 |
0.65 |
0.61 |
- |
Interchange Fee Income |
0.51 |
0.52 |
0.53 |
0.49 |
- |
Loss/ -Gain on Investment |
0.18 |
- |
- |
- |
0.10 |
Other Non-Interest Income |
15.35 |
0.24 |
0.24 |
0.22 |
1.74 |
Total Noninterest Income |
18.55 |
5.56 |
4.70 |
4.11 |
4.46 |
Total Revenues |
32.22 |
19.31 |
20.50 |
22.09 |
22.75 |
Salaries & employee benefits, SGA |
0.30 |
0.35 |
0.41 |
0.16 |
18.78 |
Depriciation & Amortization |
0.07 |
0.10 |
0.10 |
0.10 |
0.10 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.08 |
1.11 |
1.15 |
1.17 |
-1.22 |
Professional Fees |
1.00 |
0.87 |
0.81 |
0.88 |
0.87 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.35 |
0.35 |
0.35 |
0.35 |
0.25 |
Other Noninterest Expense |
1.71 |
1.38 |
1.17 |
1.07 |
1.43 |
Other loss/ -income |
11.79 |
10.25 |
10.19 |
10.77 |
-5.51 |
Total Operating
Expenses |
16.30 |
14.41 |
14.17 |
14.50 |
14.90 |
Total Costs & Expenses |
27.56 |
24.44 |
22.48 |
20.54 |
18.07 |
Income /-loss before income taxes |
15.92 |
4.90 |
6.33 |
7.59 |
7.85 |
Income taxes expenses/-benefit |
5.74 |
1.28 |
1.39 |
1.79 |
1.81 |
Income after income taxes |
10.17 |
3.62 |
4.93 |
5.80 |
6.04 |
Net income/-loss
of other equity |
- |
0.00 |
0.00 |
- |
- |
Income /-loss after income taxes |
10.17 |
3.62 |
4.93 |
5.80 |
6.04 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
10.17 |
3.62 |
4.93 |
5.80 |
6.04 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
10.17 |
3.62 |
4.93 |
5.80 |
6.04 |