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 |
-16.59 |
47.87 |
44.28 |
39.81 |
36.44 |
Interest and Dividend Income, Securities, Operating |
-1.13 |
2.20 |
1.81 |
1.59 |
1.27 |
Interest Income, Deposits with Financial Institutions |
-1.07 |
0.88 |
1.07 |
0.66 |
0.62 |
Total Interest Income |
-18.80 |
50.94 |
47.16 |
42.06 |
38.32 |
Interest Expense, Deposits |
-35.60 |
19.80 |
16.54 |
12.43 |
8.17 |
Interest Expense, Junior Subordinated Debentures |
0.50 |
- |
- |
- |
- |
Other Intrest Expenses |
0.92 |
2.54 |
2.87 |
2.93 |
2.69 |
Total Interest Expense |
-34.17 |
22.35 |
19.41 |
15.36 |
10.87 |
Net Interest Income |
15.37 |
28.60 |
27.75 |
26.71 |
27.45 |
Provision
for loan losses |
-9.48 |
1.82 |
2.23 |
1.56 |
0.70 |
Total Net Interest Income |
24.85 |
26.78 |
25.52 |
25.14 |
26.75 |
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions |
2.39 |
2.95 |
2.89 |
2.65 |
2.57 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
-0.46 |
1.65 |
1.07 |
2.87 |
-0.13 |
Swap Fee Income |
-0.73 |
0.99 |
0.98 |
0.56 |
- |
Revenue from Contract with Customer Including Assessed Tax Service Chargeson Deposits |
1.57 |
0.84 |
0.77 |
0.68 |
- |
Revenue from Contract with Customer Including Assessed Tax Loan Fees |
0.52 |
0.79 |
0.91 |
0.80 |
- |
Credit Merchant And Debit Card Fees |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Loans And Leases |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Other Loans And Leases |
0.77 |
0.85 |
0.44 |
0.48 |
- |
Debt Securities Available For Sale Realized Gain Loss |
0.05 |
- |
-0.05 |
- |
- |
Loss/ -Gain on Investment |
- |
- |
- |
- |
-0.01 |
Other Non-Interest Income |
-0.67 |
-3.60 |
-3.75 |
-3.91 |
0.66 |
Interest Expense Federal Home Loan Bank And Other Borrowings |
0.92 |
2.54 |
2.87 |
2.93 |
2.69 |
Professional Fees Expense |
0.87 |
1.43 |
1.24 |
1.34 |
1.21 |
Collateral Liquidation Costs |
- |
- |
- |
- |
-0.02 |
Total Noninterest Income |
5.21 |
8.43 |
7.37 |
8.41 |
6.97 |
Total Revenues |
30.07 |
35.21 |
32.89 |
33.55 |
33.72 |
Salaries & employee benefits, SGA |
0.19 |
0.76 |
0.78 |
0.63 |
27.02 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.55 |
0.58 |
0.60 |
0.63 |
-1.00 |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
-0.61 |
0.68 |
0.58 |
0.39 |
0.20 |
Other Noninterest Expense |
-0.79 |
1.58 |
1.09 |
0.51 |
0.95 |
Computer Software Expense |
0.75 |
1.29 |
1.20 |
1.18 |
1.09 |
Other loss/ -income |
12.40 |
18.30 |
17.79 |
18.42 |
-7.09 |
Total Operating
Expenses |
12.49 |
23.19 |
22.03 |
21.77 |
21.17 |
Total Costs & Expenses |
-21.68 |
45.53 |
41.45 |
37.13 |
32.03 |
Income /-loss before income taxes |
17.58 |
12.02 |
10.86 |
11.79 |
12.56 |
Income taxes expenses/-benefit |
3.98 |
2.08 |
2.52 |
2.81 |
2.40 |
Income after income taxes |
13.60 |
9.94 |
8.34 |
8.98 |
10.16 |
Net income/-loss
of other equity |
0.00 |
0.00 |
- |
0.00 |
0.00 |
Income /-loss after income taxes |
13.60 |
9.94 |
8.34 |
8.98 |
10.16 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
13.60 |
9.94 |
8.34 |
8.98 |
10.16 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
0.03 |
0.22 |
0.22 |
0.22 |
0.22 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
13.57 |
9.72 |
8.12 |
8.76 |
9.94 |