INCOME STATEMENT (Annual GAAP In millions $) |
(Dec 31 2022) 2022 |
(Dec 31 2023) 2021 |
(Dec 31 2020) 2020 |
(Dec 31 2019) 2019 |
(Dec 31 2018) 2018 |
Interest and Fee Income, Loans and Leases |
115.37 |
182.65 |
89.16 |
96.23 |
86.23 |
Interest and Dividend Income, Securities, Operating |
4.47 |
8.20 |
4.19 |
4.64 |
3.84 |
Interest Income, Deposits with Financial Institutions |
1.53 |
4.08 |
0.83 |
1.17 |
1.21 |
Total Interest Income |
121.37 |
194.93 |
94.18 |
102.04 |
91.28 |
Interest Expense, Deposits |
13.18 |
71.42 |
8.92 |
22.96 |
15.53 |
Interest Expense, Junior Subordinated Debentures |
0.50 |
1.11 |
1.12 |
1.11 |
1.11 |
Other Intrest Expenses |
9.27 |
10.92 |
4.95 |
4.33 |
7.29 |
Total Interest Expense |
22.95 |
82.34 |
17.11 |
32.18 |
23.93 |
Net Interest Income |
98.42 |
112.59 |
77.07 |
69.86 |
67.34 |
Provision
for loan losses |
-3.87 |
8.18 |
16.81 |
2.09 |
5.49 |
Total Net Interest Income |
102.29 |
104.41 |
60.26 |
67.77 |
61.85 |
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions |
10.88 |
11.43 |
8.61 |
8.20 |
7.74 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
5.13 |
6.92 |
3.33 |
4.78 |
2.46 |
Swap Fee Income |
1.79 |
2.96 |
- |
- |
- |
Revenue from Contract with Customer Including Assessed Tax Service Chargeson Deposits |
3.85 |
3.13 |
- |
- |
- |
Revenue from Contract with Customer Including Assessed Tax Loan Fees |
3.01 |
3.36 |
- |
- |
- |
Credit Merchant And Debit Card Fees |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Loans And Leases |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Other Loans And Leases |
2.54 |
2.06 |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss |
- |
-0.05 |
- |
- |
- |
Extinguishment of Debt |
- |
- |
0.74 |
- |
- |
Loss/ -Gain on Investment |
- |
0.02 |
0.38 |
0.18 |
0.36 |
Other Non-Interest Income |
-11.92 |
-14.75 |
2.95 |
-5.76 |
-6.29 |
Interest Expense Federal Home Loan Bank And Other Borrowings |
9.27 |
10.92 |
7.07 |
8.11 |
7.29 |
Professional Fees Expense |
4.88 |
5.33 |
3.53 |
3.70 |
3.87 |
Collateral Liquidation Costs |
- |
0.27 |
0.33 |
0.12 |
0.65 |
Investment Tax Credit Impairment Cost |
- |
- |
- |
- |
2.08 |
Impairment of Tax Credit Investments |
- |
- |
- |
4.09 |
- |
Total Noninterest Income |
29.43 |
31.31 |
26.94 |
23.42 |
18.17 |
Total Revenues |
131.72 |
135.71 |
87.20 |
91.19 |
80.02 |
Salaries & employee benefits, SGA |
2.35 |
2.89 |
47.43 |
44.24 |
39.57 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
2.36 |
2.38 |
4.99 |
4.86 |
4.55 |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.04 |
2.24 |
1.24 |
0.64 |
1.48 |
Other Noninterest Expense |
2.39 |
4.53 |
3.04 |
3.99 |
3.43 |
Computer Software Expense |
4.42 |
4.99 |
3.90 |
3.41 |
3.02 |
Other loss/ -income |
66.91 |
71.55 |
8.30 |
9.56 |
10.31 |
Total Operating
Expenses |
79.47 |
88.58 |
68.90 |
66.70 |
62.36 |
Total Costs & Expenses |
102.42 |
170.92 |
86.01 |
98.88 |
86.30 |
Income /-loss before income taxes |
52.24 |
47.14 |
18.31 |
24.50 |
17.65 |
Income taxes expenses/-benefit |
11.39 |
10.11 |
1.33 |
1.18 |
1.35 |
Income after income taxes |
40.86 |
37.03 |
16.98 |
23.32 |
16.30 |
Net income/-loss
of other equity |
0.00 |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
40.86 |
37.03 |
16.98 |
23.32 |
16.30 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
40.86 |
37.03 |
16.98 |
23.32 |
16.30 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
0.68 |
0.88 |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
40.18 |
36.15 |
16.98 |
23.32 |
16.30 |