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 |
95.62 |
91.47 |
85.38 |
82.89 |
87.38 |
Other Interest and Dividend Income |
2.31 |
2.15 |
1.98 |
1.96 |
2.17 |
Other Income |
10.84 |
10.42 |
9.20 |
7.27 |
8.52 |
Total Interest Income |
108.76 |
104.04 |
96.56 |
92.12 |
98.06 |
Interest Expense, Deposits |
53.28 |
50.07 |
46.25 |
39.06 |
34.49 |
Interest Expense, Other |
9.39 |
9.54 |
6.93 |
7.80 |
11.53 |
Total Interest Expense |
62.68 |
59.61 |
53.18 |
46.86 |
46.02 |
Net Interest Income |
46.09 |
44.43 |
43.38 |
45.26 |
52.04 |
Provision
for loan losses |
1.00 |
0.60 |
1.42 |
7.51 |
9.06 |
Total Net Interest Income |
45.09 |
43.83 |
41.96 |
37.75 |
42.98 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
2.82 |
2.64 |
1.78 |
1.41 |
1.72 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
1.14 |
0.12 |
0.66 |
0.97 |
-3.09 |
Loan Fee Income |
- |
- |
- |
- |
- |
Fair Value Option Changes In Fair Value Gain Loss |
- |
- |
- |
- |
- |
Federal Home Loan Bank Stock Dividends |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Buildings |
- |
- |
- |
- |
- |
Fair Value Option Changes In Fair Value Gain Loss |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
- |
- |
- |
- |
0.10 |
Loss/ -Gain on Investment |
- |
- |
9.20 |
7.27 |
- |
Other Non-Interest Income |
3.43 |
0.56 |
-6.63 |
-2.79 |
1.75 |
Total Noninterest Income |
7.40 |
3.31 |
5.02 |
6.86 |
0.48 |
Total Revenues |
52.49 |
47.14 |
46.98 |
44.61 |
43.46 |
Salaries & employee benefits, SGA |
23.36 |
20.35 |
19.69 |
22.56 |
19.07 |
Depriciation & Amortization |
1.49 |
1.48 |
1.48 |
1.51 |
1.40 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
3.70 |
3.37 |
3.53 |
3.79 |
-0.86 |
Professional Fees |
2.52 |
2.49 |
2.29 |
2.26 |
2.80 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.16 |
0.91 |
0.94 |
0.98 |
1.22 |
Other Noninterest Expense |
6.75 |
6.18 |
5.55 |
6.45 |
4.42 |
Income Expenses From Other Real Estate Owned Or Foreclosure |
0.11 |
0.19 |
0.15 |
0.17 |
0.15 |
Other loss/ -income |
1.65 |
1.42 |
1.47 |
1.44 |
5.09 |
Total Operating
Expenses |
40.74 |
36.39 |
35.11 |
39.16 |
33.03 |
Total Costs & Expenses |
103.41 |
96.00 |
88.29 |
86.01 |
79.05 |
Income /-loss before income taxes |
11.75 |
10.75 |
11.87 |
5.46 |
10.43 |
Income taxes expenses/-benefit |
3.66 |
2.92 |
3.19 |
1.41 |
2.15 |
Income after income taxes |
8.10 |
7.84 |
8.69 |
4.04 |
8.28 |
Net income/-loss
of other equity |
- |
0.00 |
- |
0.00 |
- |
Income /-loss after income taxes |
8.10 |
7.84 |
8.69 |
4.04 |
8.28 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
8.10 |
7.84 |
8.69 |
4.04 |
8.28 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
8.10 |
7.84 |
8.69 |
4.04 |
8.28 |