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 |
74.63 |
74.59 |
67.73 |
46.68 |
42.27 |
Interest Income, Securities, Operating, Tax Exempt |
2.93 |
2.95 |
2.95 |
2.94 |
2.88 |
Interest Income, Deposits with Financial Institutions |
- |
- |
- |
1.95 |
- |
Other Income |
8.13 |
8.66 |
9.66 |
6.36 |
8.73 |
Total Interest Income |
85.68 |
86.19 |
80.34 |
57.93 |
53.87 |
Interest Expense, Time Deposits, $100,000 or More |
19.57 |
14.76 |
12.28 |
7.04 |
2.75 |
Interest Expense, Borrowings |
5.41 |
5.40 |
3.14 |
2.96 |
1.98 |
Total Interest Expense |
24.98 |
20.16 |
15.41 |
10.00 |
4.73 |
Net Interest Income |
60.70 |
66.03 |
64.93 |
47.93 |
49.15 |
Provision
for loan losses |
1.00 |
1.25 |
11.00 |
0.71 |
4.30 |
Total Net Interest Income |
59.70 |
64.78 |
53.93 |
47.22 |
44.85 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
9.58 |
9.05 |
8.29 |
-2.70 |
6.80 |
Financial Assistance And Bank Enterprise Awards |
- |
- |
- |
- |
- |
Interest Income Federal Funds Sold And Interest Bearing Deposits In Other Banks |
0.44 |
- |
- |
-0.01 |
- |
Gain On Sale Of Securities |
- |
- |
- |
- |
- |
Non Interest Income Service Charges On Deposit Accounts |
3.65 |
- |
- |
-2.04 |
- |
Other Service Charges And Fees Income |
- |
- |
- |
- |
- |
Provision For Credit Losses Loan Held From Investments |
- |
- |
- |
- |
- |
Provision For Credit Losses Off Balance Sheet Credit Exposures |
- |
- |
- |
- |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal Loan Held From Investments |
1.00 |
- |
- |
- |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal Off Balance Sheet Credit Exposures |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
-0.10 |
- |
0.66 |
0.00 |
- |
Loss/ -Gain on Investment |
- |
- |
- |
4.30 |
- |
Other Non-Interest Income |
4.76 |
3.38 |
3.66 |
7.70 |
2.22 |
Government Assistance Amount |
- |
- |
- |
0.87 |
- |
Total Noninterest Income |
19.32 |
12.42 |
12.61 |
8.12 |
9.02 |
Total Revenues |
79.03 |
77.20 |
66.54 |
55.34 |
53.87 |
Salaries & employee benefits, SGA |
22.81 |
23.32 |
23.57 |
19.94 |
19.10 |
Restructuring, Accretion & impairment charges |
0.59 |
-4.10 |
3.79 |
1.73 |
3.64 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
5.34 |
-5.04 |
5.30 |
11.29 |
3.83 |
Professional Fees |
- |
- |
- |
3.56 |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
18.99 |
-14.44 |
13.01 |
9.58 |
9.34 |
Printing And Supplies Expense |
- |
- |
- |
0.97 |
- |
Fdic Premium And Otsocc Assessments |
- |
- |
- |
2.12 |
- |
Debt And Equity Securities Gain Loss |
0.00 |
0.05 |
- |
-0.01 |
0.00 |
Government Assistance Received |
6.20 |
- |
- |
-0.17 |
- |
Income From Death Insurance Policies |
- |
- |
- |
1.63 |
- |
Other loss/ -income |
-6.20 |
-0.05 |
- |
8.39 |
0.00 |
Total Operating
Expenses |
47.72 |
-4.37 |
45.67 |
59.03 |
35.90 |
Total Costs & Expenses |
72.70 |
15.79 |
61.08 |
69.03 |
40.63 |
Income /-loss before income taxes |
31.30 |
30.30 |
20.87 |
20.31 |
17.97 |
Income taxes expenses/-benefit |
6.94 |
6.53 |
4.60 |
4.01 |
3.92 |
Income after income taxes |
24.36 |
23.78 |
16.27 |
16.29 |
14.04 |
Net income/-loss
of other equity |
- |
0.00 |
0.00 |
- |
- |
Income /-loss after income taxes |
24.36 |
23.78 |
16.27 |
16.29 |
14.04 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
24.36 |
23.78 |
16.27 |
16.29 |
14.04 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
24.36 |
23.78 |
16.27 |
16.29 |
14.04 |