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 and Fee Income, Loans and Leases |
68.27 |
64.05 |
57.10 |
51.24 |
44.41 |
Interest and Dividend Income, Securities, Operating |
5.70 |
5.88 |
6.06 |
6.13 |
6.08 |
Other Income |
0.72 |
1.19 |
0.62 |
0.43 |
0.19 |
Total Interest Income |
74.70 |
71.12 |
63.77 |
57.81 |
50.68 |
Interest Expense, Deposits |
29.22 |
24.05 |
19.29 |
13.05 |
5.88 |
Interest Expense, Short-term Borrowings |
2.24 |
3.16 |
1.20 |
-1.57 |
0.67 |
Other Intrest Expenses |
1.57 |
1.57 |
1.46 |
3.18 |
1.06 |
Total Interest Expense |
33.02 |
28.78 |
21.96 |
14.66 |
7.61 |
Net Interest Income |
41.68 |
42.34 |
41.82 |
43.15 |
43.07 |
Provision
for loan losses |
0.97 |
3.23 |
4.21 |
6.12 |
4.31 |
Total Net Interest Income |
40.71 |
39.11 |
37.60 |
37.03 |
38.75 |
Brokerage Commissions Revenue |
2.54 |
2.82 |
2.92 |
2.82 |
2.72 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
1.41 |
1.15 |
1.11 |
-0.53 |
1.52 |
Gains Losses On Sales Of Other Assets |
- |
- |
- |
- |
- |
Gain Loss On Contingent Consideration Liability Adjustment |
- |
- |
- |
- |
- |
Gain Loss On Tax Credit Investments |
-0.33 |
0.49 |
- |
- |
-0.39 |
Atm And Debit Card |
- |
- |
- |
- |
- |
Noninterest Income Investments In Limited Partnerships |
0.39 |
0.47 |
- |
- |
0.07 |
Insurance Services Revenue |
1.68 |
1.33 |
- |
- |
1.57 |
Noninterest Income Service Charges On Deposits |
1.21 |
1.22 |
- |
- |
1.60 |
Provision For Credit Losses |
0.97 |
3.23 |
- |
- |
- |
Provision Benefit For Credit Losses |
- |
- |
- |
- |
4.31 |
Gain (Loss) on Disposition of Assets and Other Investments |
0.00 |
-0.01 |
0.04 |
0.00 |
-0.02 |
Loss/ -Gain on Investment |
0.12 |
0.12 |
0.11 |
0.18 |
0.31 |
Other Non-Interest Income |
2.51 |
0.65 |
6.74 |
8.46 |
0.97 |
Total Noninterest Income |
10.49 |
11.47 |
10.92 |
10.94 |
12.65 |
Total Revenues |
51.20 |
50.57 |
48.53 |
47.97 |
51.41 |
Salaries & employee benefits, SGA |
0.74 |
0.50 |
0.31 |
33.01 |
0.65 |
Restructuring, Accretion & impairment charges |
-0.06 |
-0.02 |
- |
0.35 |
- |
Depriciation & Amortization |
0.23 |
0.23 |
0.23 |
0.24 |
0.24 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
3.79 |
3.54 |
3.73 |
-5.01 |
3.79 |
Professional Fees |
1.08 |
1.27 |
1.50 |
1.42 |
1.25 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
0.46 |
0.47 |
0.49 |
0.49 |
0.44 |
Federal Deposit Insurance Corporation Premium Expense |
1.23 |
1.24 |
1.12 |
0.66 |
0.65 |
Other Noninterest Expense |
4.00 |
4.05 |
3.46 |
3.46 |
3.44 |
Other loss/ -income |
23.27 |
22.50 |
22.82 |
-2.28 |
22.36 |
Total Operating
Expenses |
34.74 |
33.78 |
33.66 |
33.51 |
32.83 |
Total Costs & Expenses |
67.76 |
62.56 |
55.62 |
48.17 |
40.43 |
Income /-loss before income taxes |
16.46 |
16.79 |
14.86 |
14.46 |
18.58 |
Income taxes expenses/-benefit |
2.44 |
2.42 |
2.78 |
2.37 |
4.73 |
Income after income taxes |
14.02 |
14.37 |
12.09 |
12.09 |
13.85 |
Net income/-loss
of other equity |
- |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
14.02 |
14.37 |
12.09 |
12.09 |
13.85 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
14.02 |
14.37 |
12.09 |
12.09 |
13.85 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
0.37 |
0.36 |
0.37 |
0.36 |
0.37 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
13.66 |
14.01 |
11.72 |
11.72 |
13.49 |