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 Held-in-portfolio |
45.29 |
43.41 |
40.29 |
38.15 |
35.58 |
Interest and Dividend Income, Securities, Operating |
2.47 |
2.32 |
2.42 |
2.39 |
2.33 |
Interest Income, Deposits with Financial Institutions |
2.55 |
1.90 |
1.07 |
0.75 |
0.40 |
Total Interest Income |
50.31 |
47.63 |
43.78 |
41.29 |
38.31 |
Interest Expense, Deposits |
9.80 |
7.51 |
6.06 |
4.16 |
-1.82 |
Interest Expense, Borrowings |
3.41 |
3.58 |
1.77 |
1.78 |
1.65 |
Other Intrest Expenses |
16.06 |
16.10 |
15.04 |
13.05 |
15.18 |
Total Interest Expense |
29.27 |
27.18 |
22.87 |
18.99 |
15.01 |
Net Interest Income |
21.05 |
20.45 |
20.91 |
22.30 |
23.30 |
Provision
for loan losses |
2.23 |
0.63 |
0.55 |
0.31 |
0.76 |
Total Net Interest Income |
18.82 |
19.82 |
20.37 |
21.99 |
22.54 |
Fees and Commissions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.84 |
0.84 |
1.17 |
1.08 |
0.83 |
Gain Loss On Acquisition Of Business |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
- |
- |
- |
0.01 |
0.08 |
Other Non-Interest Income |
1.73 |
1.65 |
1.65 |
1.61 |
1.59 |
Total Noninterest Income |
2.57 |
2.49 |
2.81 |
2.70 |
2.50 |
Total Revenues |
21.39 |
22.31 |
23.18 |
24.69 |
25.04 |
Salaries & employee benefits, SGA |
10.06 |
10.43 |
9.93 |
10.00 |
9.45 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
2.49 |
2.12 |
2.22 |
2.20 |
2.18 |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
7.23 |
7.45 |
7.58 |
7.96 |
7.01 |
Total Operating
Expenses |
19.78 |
20.00 |
19.74 |
20.17 |
18.65 |
Total Costs & Expenses |
49.04 |
47.18 |
42.60 |
39.15 |
33.65 |
Income /-loss before income taxes |
1.62 |
2.31 |
3.44 |
4.53 |
6.40 |
Income taxes expenses/-benefit |
0.32 |
0.54 |
0.77 |
1.06 |
1.28 |
Income after income taxes |
1.30 |
1.77 |
2.68 |
3.47 |
5.12 |
Net income/-loss
of other equity |
0.00 |
- |
0.00 |
0.00 |
- |
Income /-loss after income taxes |
1.30 |
1.77 |
2.68 |
3.47 |
5.12 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
1.30 |
1.77 |
2.68 |
3.47 |
5.12 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
0.58 |
0.58 |
0.58 |
0.58 |
0.58 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
0.72 |
1.19 |
2.09 |
2.89 |
4.54 |