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 Income, Securities, US Treasury and Other US Government |
1.46 |
1.48 |
1.52 |
1.60 |
1.60 |
Interest Income, Deposits with Financial Institutions |
0.06 |
0.12 |
0.03 |
0.42 |
0.35 |
Other Income |
22.16 |
21.38 |
20.79 |
19.28 |
18.18 |
Total Interest Income |
23.68 |
22.98 |
22.34 |
21.29 |
20.14 |
Interest Expense, Domestic Deposits |
8.49 |
6.61 |
4.62 |
2.82 |
1.55 |
Interest Expense, Other Short-term Borrowings |
0.43 |
0.77 |
0.58 |
0.04 |
- |
Interest Expense, Other Long-term Debt |
- |
- |
- |
-0.07 |
- |
Other Intrest Expenses |
-0.70 |
-0.80 |
-0.40 |
0.17 |
-0.01 |
Total Interest Expense |
9.04 |
7.50 |
5.31 |
2.97 |
1.63 |
Net Interest Income |
14.64 |
15.48 |
17.03 |
18.33 |
18.51 |
Provision
for loan losses |
0.53 |
0.68 |
0.18 |
0.53 |
0.53 |
Total Net Interest Income |
14.39 |
14.86 |
16.62 |
17.80 |
17.99 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
1.04 |
1.00 |
0.92 |
0.92 |
0.92 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
0.34 |
0.32 |
0.32 |
0.33 |
0.33 |
Taxable Interest Income |
- |
- |
- |
- |
- |
Nontaxable Interest Income |
- |
- |
- |
- |
- |
Fees From Merchant Credit Cards And Interchange Debit Cards |
- |
- |
- |
- |
- |
Asset Management Fees |
- |
- |
- |
- |
- |
Service Charge On Loans |
- |
- |
- |
- |
- |
Interest Income Restricted Regulatory Securities |
- |
- |
- |
- |
- |
Interest Income Securities State And Municipal Nontaxable |
1.15 |
1.16 |
1.22 |
- |
1.36 |
Interest Income Securities State And Municipal Taxable |
0.44 |
0.45 |
0.45 |
- |
0.45 |
Gain (Loss) on Disposition of Assets and Other Investments |
-0.08 |
-0.16 |
0.00 |
0.00 |
-0.06 |
Loss/ -Gain on Investment |
0.32 |
0.24 |
0.16 |
0.20 |
0.23 |
Other Non-Interest Income |
1.39 |
1.58 |
1.20 |
2.51 |
0.68 |
Loan Collection |
- |
- |
- |
-0.04 |
- |
Total Noninterest Income |
4.33 |
4.54 |
4.49 |
3.92 |
3.91 |
Total Revenues |
18.71 |
19.39 |
21.11 |
21.72 |
21.90 |
Salaries & employee benefits, SGA |
0.46 |
0.48 |
0.89 |
12.62 |
1.19 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications and Information Technology |
0.77 |
0.70 |
0.68 |
0.64 |
0.66 |
Professional Fees and Commission |
0.95 |
1.07 |
0.93 |
1.03 |
0.84 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies Expense |
0.17 |
0.20 |
0.18 |
0.15 |
0.18 |
Federal Deposit Insurance Corporation Premium Expense |
0.28 |
0.39 |
0.17 |
0.17 |
0.15 |
Other Noninterest Expense |
0.88 |
1.06 |
0.96 |
1.76 |
0.84 |
Premise Expense |
- |
- |
- |
-1.93 |
- |
|
2.28 |
2.25 |
2.13 |
3.88 |
1.86 |
|
- |
- |
- |
0.73 |
0.38 |
Other loss/ -income |
7.00 |
7.28 |
6.93 |
-6.19 |
6.92 |
Total Operating
Expenses |
12.78 |
13.43 |
12.86 |
12.87 |
13.03 |
Total Costs & Expenses |
21.82 |
20.92 |
18.17 |
15.83 |
14.65 |
Income /-loss before income taxes |
5.93 |
5.97 |
8.25 |
8.86 |
8.87 |
Income taxes expenses/-benefit |
0.59 |
0.61 |
1.21 |
1.71 |
1.18 |
Income after income taxes |
5.34 |
5.36 |
7.04 |
7.15 |
7.69 |
Net income/-loss
of other equity |
- |
- |
0.00 |
0.00 |
- |
Income /-loss after income taxes |
5.34 |
5.36 |
7.04 |
7.15 |
7.69 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
5.34 |
5.36 |
7.04 |
7.15 |
7.69 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
5.34 |
5.36 |
7.04 |
7.15 |
7.69 |