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 |
17.72 |
17.22 |
15.85 |
14.57 |
13.72 |
Interest and Dividend Income, Securities |
4.03 |
3.85 |
3.83 |
3.94 |
3.75 |
Other Income |
0.34 |
0.24 |
0.25 |
0.18 |
0.06 |
Total Interest Income |
22.09 |
21.32 |
19.94 |
18.68 |
17.53 |
Interest Expense, Deposits |
7.49 |
6.45 |
6.15 |
4.38 |
2.30 |
Interest Expense, Long-term Debt |
2.12 |
2.66 |
2.16 |
2.72 |
1.53 |
Interest Expense, Junior Subordinated Debentures |
0.19 |
0.19 |
0.17 |
0.17 |
0.14 |
Other Intrest Expenses |
-0.19 |
-2.43 |
-1.94 |
-2.45 |
-0.14 |
Total Interest Expense |
9.62 |
9.11 |
8.31 |
7.09 |
3.83 |
Net Interest Income |
12.48 |
12.21 |
11.63 |
11.59 |
13.70 |
Provision
for loan losses |
0.38 |
-0.27 |
0.80 |
0.98 |
0.63 |
Total Net Interest Income |
12.10 |
12.48 |
10.83 |
10.61 |
13.07 |
Fees and Commissions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
1.22 |
1.13 |
1.12 |
1.06 |
1.17 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.28 |
0.14 |
0.11 |
0.24 |
0.21 |
Gains Losses On Sales Of Other Assets |
- |
- |
- |
- |
- |
Loan Related Fees |
- |
- |
- |
- |
0.19 |
Interest Income Securities State And Municipal Tax Free |
- |
- |
- |
- |
- |
Interest Income Securities State And Municipal Taxable |
- |
- |
- |
- |
- |
Interest Income Securities State And Municipal Taxfree |
- |
- |
- |
- |
- |
Interest On Interest Bearing Domestic Deposits And Federal Funds Sold |
- |
- |
- |
- |
- |
Interest On Interest Bearing Deposits In Other Banks |
- |
- |
- |
- |
0.07 |
Legal Settlements |
- |
- |
- |
- |
- |
Merchant Services Revenue |
- |
- |
- |
- |
- |
Revenue From Merchant Services |
- |
- |
- |
- |
0.54 |
Loss/ -Gain on Investment |
0.00 |
0.00 |
- |
0.00 |
0.08 |
Other Non-Interest Income |
0.52 |
0.14 |
-0.60 |
0.16 |
-0.03 |
Regulatory Assessments |
0.31 |
0.28 |
0.31 |
0.21 |
0.16 |
Total Noninterest Income |
2.33 |
1.69 |
0.95 |
1.67 |
2.39 |
Total Revenues |
14.43 |
14.17 |
11.78 |
12.28 |
15.46 |
Salaries & employee benefits, SGA |
4.86 |
5.37 |
4.96 |
5.54 |
4.67 |
Restructuring, Accretion & impairment charges |
0.94 |
0.54 |
- |
- |
- |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.57 |
0.52 |
0.55 |
0.52 |
-1.49 |
Professional Fees |
0.31 |
0.27 |
0.21 |
0.30 |
0.44 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
2.43 |
0.85 |
0.92 |
1.13 |
2.47 |
Other loss/ -income |
1.48 |
1.76 |
1.46 |
1.42 |
3.59 |
Total Operating
Expenses |
10.60 |
9.30 |
8.10 |
8.92 |
9.67 |
Total Costs & Expenses |
20.22 |
18.41 |
16.41 |
16.02 |
13.50 |
Income /-loss before income taxes |
3.83 |
4.87 |
3.68 |
3.36 |
5.80 |
Income taxes expenses/-benefit |
0.48 |
0.71 |
0.87 |
0.70 |
0.88 |
Income after income taxes |
3.35 |
4.16 |
2.81 |
2.66 |
4.92 |
Net income/-loss
of other equity |
- |
0.00 |
- |
- |
0.00 |
Income /-loss after income taxes |
3.35 |
4.16 |
2.81 |
2.66 |
4.92 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
3.35 |
4.16 |
2.81 |
2.66 |
4.92 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
3.35 |
4.16 |
2.81 |
2.66 |
4.92 |