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 |
132.98 |
129.37 |
120.69 |
107.67 |
89.58 |
Interest and Dividend Income, Securities |
8.79 |
6.34 |
5.75 |
5.91 |
5.66 |
Interest Income, Deposits with Financial Institutions |
1.59 |
3.35 |
4.04 |
0.51 |
0.38 |
Other Income |
0.90 |
0.82 |
0.78 |
0.51 |
0.67 |
Total Interest Income |
144.26 |
139.89 |
131.27 |
114.59 |
96.28 |
Interest Expense, Deposits |
38.30 |
32.69 |
25.90 |
15.52 |
4.08 |
Interest Expense, Short-term Borrowings |
7.51 |
6.64 |
5.19 |
2.40 |
1.91 |
Interest Expense, Long-term Debt and Capital Securities |
2.62 |
2.71 |
2.25 |
2.21 |
2.06 |
Other Intrest Expenses |
0.09 |
0.09 |
0.09 |
0.10 |
0.21 |
Total Interest Expense |
48.52 |
42.13 |
33.44 |
20.23 |
8.25 |
Net Interest Income |
95.74 |
97.76 |
97.82 |
94.36 |
88.03 |
Provision
for loan losses |
-1.87 |
5.89 |
2.79 |
8.00 |
9.12 |
Total Net Interest Income |
97.60 |
91.87 |
95.03 |
86.36 |
78.91 |
Insurance Commissions and Fees |
2.46 |
2.31 |
2.31 |
2.55 |
2.05 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
2.27 |
2.83 |
2.23 |
2.06 |
0.62 |
Noninterest Income Interchange |
- |
- |
- |
- |
- |
Credit Risk On Interest Rate Swaps |
- |
- |
- |
- |
- |
Non Interest Income Interchange |
- |
- |
- |
- |
27.60 |
Joint Venture Termination Fee |
- |
- |
- |
- |
- |
Gain Loss On Disposition Of Other Financial Assets |
- |
- |
- |
- |
-6.04 |
Derivative Gain Loss On Derivative Net |
- |
- |
- |
- |
-0.03 |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Fees and Commissionson Trust and Fiduciary Accounts |
- |
- |
- |
- |
2.46 |
Fees and Commissionson Depositor Accounts |
- |
- |
- |
- |
4.95 |
Fees and Commissionson Debit Cards |
- |
- |
- |
- |
-20.61 |
Provision For Credit Losses Portfolio |
- |
- |
- |
- |
- |
Provision For Credit Losses Acquisition Day1 Non P C D |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
-5.00 |
1.03 |
1.89 |
2.09 |
-4.51 |
Loss/ -Gain on Investment |
0.78 |
1.27 |
1.25 |
0.65 |
0.95 |
Other Non-Interest Income |
23.75 |
17.34 |
16.79 |
15.56 |
16.75 |
Finance Lease Interest Expense |
0.05 |
0.05 |
0.05 |
0.05 |
0.11 |
Total Noninterest Income |
24.30 |
24.83 |
24.52 |
22.96 |
24.31 |
Total Revenues |
121.90 |
116.70 |
119.56 |
109.32 |
103.22 |
Salaries & employee benefits, SGA |
2.95 |
3.25 |
2.50 |
2.92 |
64.28 |
Restructuring, Accretion & impairment charges |
8.94 |
0.05 |
0.01 |
0.04 |
1.49 |
Depriciation & Amortization |
1.21 |
1.34 |
1.28 |
1.15 |
0.73 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
4.64 |
4.78 |
4.78 |
5.02 |
-2.21 |
Professional Fees |
1.54 |
1.60 |
1.18 |
1.59 |
1.27 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.65 |
1.92 |
1.28 |
1.42 |
0.68 |
Other Noninterest Expense |
8.48 |
8.55 |
9.30 |
8.06 |
7.70 |
Shares Tax |
4.36 |
- |
- |
- |
4.45 |
Operational Losses |
4.64 |
- |
- |
- |
2.83 |
Operational Loss |
-3.26 |
1.63 |
0.89 |
0.74 |
-1.99 |
C O V I D19 Related Expenses |
- |
- |
- |
- |
0.03 |
Branch Consolidation Expenses |
- |
- |
- |
- |
0.10 |
Other loss/ -income |
9.74 |
44.29 |
44.72 |
50.45 |
-25.45 |
Total Operating
Expenses |
65.18 |
67.41 |
65.94 |
71.38 |
58.33 |
Total Costs & Expenses |
113.70 |
109.54 |
99.39 |
91.61 |
66.59 |
Income /-loss before income taxes |
56.72 |
49.29 |
53.61 |
37.94 |
44.88 |
Income taxes expenses/-benefit |
11.89 |
10.05 |
10.83 |
7.71 |
9.15 |
Income after income taxes |
44.83 |
39.23 |
42.78 |
30.22 |
35.73 |
Net income/-loss
of other equity |
- |
0.00 |
- |
0.00 |
- |
Income /-loss after income taxes |
44.83 |
39.23 |
42.78 |
30.22 |
35.73 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
44.83 |
39.23 |
42.78 |
30.22 |
35.73 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
44.83 |
39.23 |
42.78 |
30.22 |
35.73 |