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 |
43.84 |
42.33 |
40.86 |
33.94 |
27.49 |
Interest and Dividend Income, Securities |
9.15 |
9.33 |
9.39 |
10.96 |
8.51 |
Other Income |
1.24 |
1.15 |
0.99 |
1.25 |
0.40 |
Total Interest Income |
54.23 |
52.80 |
51.23 |
46.15 |
36.41 |
Interest Expense, Deposits |
17.46 |
14.49 |
12.71 |
8.84 |
3.21 |
Interest Expense, Short-term Borrowings |
1.96 |
2.73 |
0.92 |
-0.01 |
0.53 |
Other Intrest Expenses |
1.04 |
1.01 |
1.00 |
2.64 |
0.89 |
Total Interest Expense |
20.46 |
18.23 |
14.62 |
11.47 |
4.63 |
Net Interest Income |
33.77 |
34.58 |
36.61 |
34.68 |
31.78 |
Provision
for loan losses |
0.24 |
0.03 |
8.60 |
1.51 |
0.45 |
Total Net Interest Income |
33.53 |
34.55 |
28.01 |
32.87 |
31.33 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
1.71 |
1.50 |
1.43 |
1.51 |
1.23 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
1.09 |
0.46 |
1.33 |
0.80 |
1.06 |
Retirement Plan Consulting Fees |
- |
- |
- |
- |
- |
Provision For Unfunded Loans |
0.06 |
0.28 |
- |
-0.71 |
0.02 |
Other Mortgage Banking Income Net |
- |
- |
- |
-0.10 |
0.09 |
Provision Credit For Unfunded Commitment |
- |
- |
- |
- |
- |
Other Mortgage Banking Income Loss Net |
0.19 |
0.23 |
- |
- |
- |
Federal Funds Sold And Other Interest Income |
0.75 |
0.55 |
- |
-0.14 |
0.21 |
Loans Sold Income |
- |
- |
- |
- |
- |
Federal Funds Sold And Other Interest And Dividend Income |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income Including Income From Death Benefits |
- |
- |
- |
- |
- |
Provision Reversal For Loan Losses Expensed |
- |
- |
- |
- |
- |
Provision For Loan Lease And Other Losses Excluding Unfunded Loans |
0.18 |
-0.26 |
- |
-0.48 |
0.43 |
Legal Settlement Income |
- |
- |
- |
-8.40 |
- |
Loss/ -Gain on Investment |
0.40 |
0.41 |
0.31 |
-0.90 |
0.33 |
Other Non-Interest Income |
5.19 |
5.83 |
3.04 |
7.22 |
3.57 |
State And Local Income Tax Expense Benefit Continuing Operations |
- |
- |
- |
-1.38 |
- |
Merger Related Costs Incomes |
0.27 |
0.44 |
4.31 |
-2.61 |
0.87 |
Federal Deposit Insurance Corporation And State And Local Taxes |
- |
- |
- |
- |
1.02 |
Total Noninterest Income |
9.83 |
9.45 |
10.43 |
8.01 |
8.83 |
Total Revenues |
43.36 |
44.00 |
38.44 |
40.88 |
40.16 |
Salaries & employee benefits, SGA |
14.23 |
13.63 |
14.65 |
11.91 |
10.72 |
Depriciation & Amortization |
0.73 |
1.22 |
0.91 |
0.82 |
0.43 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
3.81 |
3.86 |
3.87 |
3.77 |
3.03 |
Professional Fees |
1.04 |
1.19 |
1.11 |
0.91 |
0.99 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.65 |
1.49 |
1.22 |
3.26 |
- |
Other Noninterest Expense |
4.22 |
2.93 |
3.08 |
3.47 |
3.01 |
Core Processing Charge |
1.27 |
1.14 |
1.16 |
-1.87 |
0.74 |
Other loss/ -income |
0.76 |
0.92 |
4.72 |
3.10 |
2.49 |
Total Operating
Expenses |
27.72 |
26.39 |
30.72 |
25.37 |
21.40 |
Total Costs & Expenses |
48.18 |
44.61 |
45.35 |
36.83 |
26.03 |
Income /-loss before income taxes |
15.64 |
17.62 |
7.71 |
15.51 |
18.76 |
Income taxes expenses/-benefit |
2.33 |
2.65 |
0.64 |
2.72 |
3.32 |
Income after income taxes |
13.31 |
14.97 |
7.08 |
12.79 |
15.45 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
13.31 |
14.97 |
7.08 |
12.79 |
15.45 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
13.31 |
14.97 |
7.08 |
12.79 |
15.45 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
13.31 |
14.97 |
7.08 |
12.79 |
15.45 |