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 |
69.14 |
58.37 |
56.24 |
53.13 |
49.28 |
Interest and Dividend Income, Securities, Operating |
9.28 |
7.19 |
7.13 |
-13.31 |
7.30 |
Interest Income, Federal Funds Sold |
0.11 |
0.10 |
0.09 |
0.07 |
0.04 |
Interest Income and Fees, Bankers Acceptances, Certificates of Deposit and Commercial Paper |
0.02 |
0.02 |
0.01 |
0.01 |
0.01 |
Interest Income, Deposits with Financial Institutions |
1.88 |
0.46 |
0.21 |
0.22 |
0.13 |
Other Income |
- |
- |
- |
20.60 |
- |
Total Interest Income |
80.44 |
66.13 |
63.67 |
60.71 |
56.75 |
Interest Expense, Deposits |
22.05 |
16.58 |
12.77 |
9.23 |
4.92 |
Interest Expense, Securities Sold under Agreements to Repurchase |
1.63 |
1.72 |
1.46 |
1.16 |
0.43 |
Interest Expense, Long-term Debt and Capital Securities |
1.03 |
0.99 |
0.99 |
0.68 |
0.99 |
Other Intrest Expenses |
5.29 |
4.47 |
5.26 |
3.98 |
2.17 |
Total Interest Expense |
30.00 |
23.76 |
20.48 |
15.04 |
8.50 |
Net Interest Income |
50.44 |
42.37 |
43.19 |
45.67 |
48.26 |
Provision
for loan losses |
5.91 |
0.46 |
-0.82 |
0.81 |
0.14 |
Total Net Interest Income |
44.53 |
41.91 |
44.01 |
44.87 |
48.12 |
Insurance Commissions and Fees |
5.20 |
5.74 |
8.48 |
4.72 |
4.16 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.90 |
1.24 |
1.45 |
-0.96 |
0.90 |
Gain On Sale Of Merchant Banking Portfolio |
- |
- |
- |
- |
- |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Trust |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Deposit Service Charges |
2.99 |
2.39 |
2.20 |
2.38 |
2.45 |
Debt And Equity Securities Gain Loss |
3.39 |
-0.01 |
-0.05 |
-0.05 |
0.08 |
Revenue From Contract With Customer Mortgage Banking |
0.85 |
0.33 |
0.15 |
0.10 |
0.36 |
Revenue From Contract With Customer A T M Debit Card |
3.77 |
3.27 |
3.08 |
3.21 |
3.10 |
Revenue From Contract With Customer Wealth Management |
4.94 |
5.34 |
5.51 |
6.20 |
4.84 |
Other Non-Interest Income |
-6.39 |
-3.94 |
-4.59 |
-2.09 |
-2.31 |
Interest Expense Federal Home Loan Bank Advances Short And Long Term |
4.76 |
4.08 |
4.87 |
3.34 |
1.93 |
Net Other Real Estate Owned Income Expense |
0.90 |
0.03 |
0.13 |
0.09 |
0.06 |
A T M Debit Card Expense |
1.75 |
1.02 |
1.22 |
1.31 |
1.24 |
Total Noninterest Income |
23.05 |
19.49 |
22.48 |
18.24 |
16.79 |
Total Revenues |
67.59 |
61.40 |
66.49 |
63.11 |
64.91 |
Salaries & employee benefits, SGA |
0.76 |
0.91 |
0.65 |
49.39 |
0.74 |
Depriciation & Amortization |
2.57 |
1.48 |
1.52 |
1.54 |
1.60 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
6.93 |
6.04 |
6.01 |
6.13 |
5.90 |
Professional Fees |
1.84 |
1.78 |
1.69 |
1.61 |
1.77 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies Expense |
0.34 |
0.32 |
0.29 |
0.30 |
0.36 |
Federal Deposit Insurance Corporation Premium Expense |
0.79 |
1.08 |
0.46 |
0.46 |
0.48 |
Other Noninterest Expense |
5.80 |
3.86 |
3.52 |
3.65 |
4.52 |
Other loss/ -income |
28.08 |
24.59 |
27.43 |
-26.74 |
26.18 |
Total Operating
Expenses |
47.10 |
40.04 |
41.58 |
39.41 |
41.55 |
Total Costs & Expenses |
77.09 |
63.81 |
62.06 |
54.45 |
50.05 |
Income /-loss before income taxes |
20.49 |
21.35 |
24.91 |
23.70 |
23.36 |
Income taxes expenses/-benefit |
5.37 |
4.79 |
5.73 |
3.06 |
5.42 |
Income after income taxes |
15.12 |
16.57 |
19.18 |
20.64 |
17.94 |
Net income/-loss
of other equity |
- |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
15.12 |
16.57 |
19.18 |
20.64 |
17.94 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
15.12 |
16.57 |
19.18 |
20.64 |
17.94 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
15.12 |
16.57 |
19.18 |
20.64 |
17.94 |