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 Dividend Income, Securities |
13.82 |
13.95 |
14.28 |
16.07 |
-1.85 |
Interest Income, Deposits with Financial Institutions |
8.03 |
5.88 |
3.16 |
0.64 |
0.96 |
Other Income |
215.14 |
209.30 |
203.92 |
189.69 |
191.87 |
Total Interest Income |
236.99 |
229.13 |
221.37 |
206.40 |
190.98 |
Interest Expense, Deposits |
96.66 |
85.55 |
73.20 |
50.69 |
33.52 |
Interest Expense, Short-term Borrowings |
0.83 |
0.80 |
0.98 |
0.85 |
0.47 |
Interest Expense, Debt |
3.01 |
2.51 |
2.41 |
2.39 |
2.23 |
Other Intrest Expenses |
6.43 |
6.90 |
6.94 |
8.36 |
5.82 |
Total Interest Expense |
106.93 |
95.75 |
83.53 |
62.28 |
42.03 |
Net Interest Income |
130.06 |
133.38 |
137.84 |
144.12 |
148.96 |
Provision
for loan losses |
1.50 |
2.00 |
- |
- |
- |
Total Net Interest Income |
128.56 |
131.38 |
137.84 |
144.12 |
148.96 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
7.69 |
7.98 |
7.81 |
7.36 |
7.10 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
-0.15 |
1.23 |
0.82 |
0.82 |
-1.78 |
Gain On F D I C Assisted Transaction |
- |
- |
- |
- |
- |
Gain On Fdic Modified Whole Bank Transaction |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Unrealized Gain Loss |
4.61 |
-1.65 |
-1.39 |
-1.57 |
-1.14 |
Debt Securities Available For Sale Realized Gain Loss |
-6.93 |
- |
- |
- |
1.19 |
Interest Income Federal Reserve And Federal Home Loan Bank Stock |
- |
- |
- |
- |
- |
Interest Income Federal Home Loan Bank Stock |
0.77 |
0.72 |
1.02 |
0.54 |
0.54 |
Gain Loss On Life Insurance Benefits |
3.03 |
- |
- |
- |
5.96 |
Gain Loss On Insurance Benefits |
-1.33 |
0.55 |
0.78 |
0.00 |
-5.83 |
Loss/ -Gain on Investment |
4.11 |
5.52 |
3.63 |
2.40 |
2.09 |
Other Non-Interest Income |
9.79 |
5.93 |
5.91 |
8.40 |
11.08 |
Interest Expense Federal Home Loan Bank Advances |
6.43 |
6.90 |
6.82 |
7.06 |
4.93 |
Other Real Estate Owned And Foreclosure Expenses |
-1.58 |
0.68 |
0.92 |
-0.02 |
- |
Total Noninterest Income |
26.44 |
27.84 |
26.32 |
25.00 |
24.15 |
Total Revenues |
155.01 |
159.23 |
164.15 |
169.12 |
173.11 |
Salaries & employee benefits, SGA |
2.65 |
2.37 |
1.10 |
1.31 |
95.40 |
Depriciation & Amortization |
2.18 |
2.18 |
2.18 |
2.20 |
2.30 |
Foreclosed Real Estate Expense |
3.32 |
- |
- |
- |
0.20 |
Communications, Occupancy and Information Technology |
9.09 |
6.84 |
6.67 |
7.26 |
-2.61 |
Professional and Contract Services Expense |
3.98 |
3.83 |
4.66 |
3.70 |
3.96 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
7.56 |
2.98 |
2.74 |
1.40 |
2.30 |
Other Noninterest Expense |
7.55 |
6.81 |
6.35 |
7.80 |
5.94 |
Other loss/ -income |
71.78 |
68.85 |
68.89 |
70.06 |
-22.40 |
Total Operating
Expenses |
108.10 |
93.85 |
92.59 |
93.72 |
89.70 |
Total Costs & Expenses |
215.03 |
189.60 |
176.12 |
156.00 |
131.73 |
Income /-loss before income taxes |
46.90 |
65.37 |
71.56 |
75.40 |
83.41 |
Income taxes expenses/-benefit |
4.43 |
9.01 |
10.70 |
11.32 |
12.65 |
Income after income taxes |
42.48 |
56.37 |
60.86 |
64.08 |
70.76 |
Net income/-loss
of other equity |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Income /-loss after income taxes |
42.48 |
56.37 |
60.86 |
64.08 |
70.76 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
42.48 |
56.37 |
60.86 |
64.08 |
70.76 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
0.47 |
0.47 |
0.47 |
0.47 |
0.47 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
42.01 |
55.90 |
60.39 |
63.61 |
70.29 |