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 |
17.14 |
16.92 |
16.85 |
16.03 |
15.04 |
Interest and Dividend Income, Securities |
-55.73 |
21.79 |
21.81 |
20.61 |
-39.95 |
Interest Income, Deposits with Financial Institutions |
2.26 |
- |
- |
- |
0.39 |
Other Income |
56.61 |
-19.04 |
-18.96 |
-18.13 |
41.86 |
Total Interest Income |
20.29 |
19.67 |
19.70 |
18.50 |
17.35 |
Interest Expense, Deposits |
10.28 |
9.21 |
8.59 |
6.33 |
3.97 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Short-term |
0.73 |
0.77 |
0.80 |
0.91 |
0.93 |
Other Intrest Expenses |
-0.28 |
-0.41 |
-0.36 |
-0.51 |
-0.77 |
Total Interest Expense |
11.01 |
9.97 |
9.39 |
7.24 |
4.90 |
Net Interest Income |
9.28 |
9.70 |
10.31 |
11.26 |
12.44 |
Provision
for loan losses |
0.04 |
-0.30 |
-0.25 |
0.30 |
0.50 |
Total Net Interest Income |
9.24 |
10.00 |
10.56 |
10.96 |
11.94 |
Brokerage Commissions Revenue |
0.06 |
0.05 |
0.10 |
0.05 |
0.04 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.02 |
0.05 |
0.13 |
0.00 |
-0.51 |
Gain On Sale Of Investments |
- |
- |
- |
- |
- |
Interest Bearing Deposits At Carrying Value |
- |
- |
- |
- |
- |
F H L B Dividend Income |
- |
- |
- |
- |
- |
Investment Income Dividends from F H L B |
- |
0.11 |
0.12 |
- |
- |
Gain Loss On Sale Of Investments |
- |
- |
- |
- |
- |
Deposit Fees |
- |
0.25 |
0.25 |
- |
- |
Loan Revenue |
- |
0.08 |
0.04 |
- |
- |
Recapture of Provision for Loan and Lease Losses |
- |
-0.30 |
-0.25 |
- |
- |
Loss/ -Gain on Investment |
0.49 |
- |
- |
- |
0.32 |
Other Non-Interest Income |
0.07 |
0.43 |
0.40 |
0.62 |
0.87 |
Total Noninterest Income |
0.63 |
0.68 |
0.80 |
0.67 |
0.72 |
Total Revenues |
9.87 |
10.68 |
11.35 |
11.62 |
12.66 |
Salaries & employee benefits, SGA |
5.71 |
5.97 |
6.36 |
6.49 |
5.81 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.23 |
1.19 |
1.16 |
1.17 |
-0.21 |
Professional Fees |
0.43 |
0.55 |
0.89 |
0.42 |
0.61 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.20 |
0.20 |
0.27 |
0.10 |
0.11 |
Other Noninterest Expense |
- |
- |
- |
- |
- |
Other loss/ -income |
0.83 |
0.85 |
0.83 |
0.82 |
2.36 |
Total Operating
Expenses |
8.40 |
8.77 |
9.50 |
8.99 |
8.67 |
Total Costs & Expenses |
19.41 |
18.74 |
18.89 |
16.24 |
13.57 |
Income /-loss before income taxes |
1.47 |
1.91 |
1.85 |
2.63 |
4.00 |
Income taxes expenses/-benefit |
- |
- |
- |
- |
- |
Income after income taxes |
1.19 |
1.50 |
1.49 |
2.12 |
3.23 |
Net income/-loss
of other equity |
-0.28 |
-0.41 |
-0.36 |
-0.51 |
-0.77 |
Income /-loss after income taxes |
1.19 |
1.50 |
1.49 |
2.12 |
3.23 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
1.19 |
1.50 |
1.49 |
2.12 |
3.23 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
1.19 |
1.50 |
1.49 |
2.12 |
3.23 |