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 |
40.86 |
39.87 |
38.22 |
35.99 |
33.76 |
Other Income |
3.58 |
3.40 |
2.65 |
2.62 |
2.06 |
Total Interest Income |
44.44 |
43.27 |
40.87 |
38.61 |
35.82 |
Interest Expense, Deposits |
12.06 |
10.46 |
7.61 |
6.62 |
3.98 |
Interest Expense, Long-term Debt and Capital Securities |
0.49 |
0.49 |
0.49 |
0.49 |
0.18 |
Other Intrest Expenses |
1.45 |
1.69 |
1.22 |
0.84 |
2.36 |
Total Interest Expense |
13.99 |
12.64 |
9.32 |
7.95 |
6.52 |
Net Interest Income |
30.46 |
30.63 |
31.55 |
30.66 |
29.30 |
Provision
for loan losses |
1.40 |
0.55 |
0.72 |
2.11 |
1.59 |
Total Net Interest Income |
29.05 |
30.09 |
30.84 |
28.55 |
27.72 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
-5.47 |
- |
2.86 |
2.61 |
4.24 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
1.07 |
-0.01 |
-0.21 |
0.92 |
-1.79 |
Gain On Sale Of Investments |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Investments |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
3.43 |
3.40 |
2.65 |
2.62 |
-3.87 |
Other Non-Interest Income |
6.43 |
1.59 |
-0.48 |
-0.93 |
5.11 |
Total Noninterest Income |
5.46 |
4.98 |
4.83 |
5.22 |
3.70 |
Total Revenues |
34.51 |
35.07 |
35.67 |
33.77 |
31.41 |
Salaries & employee benefits, SGA |
3.33 |
3.41 |
3.64 |
2.69 |
3.09 |
Restructuring, Accretion & impairment charges |
0.00 |
- |
0.06 |
1.50 |
0.90 |
Depriciation & Amortization |
0.98 |
1.00 |
1.02 |
0.46 |
0.17 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.71 |
1.59 |
1.56 |
1.52 |
-1.48 |
Professional Fees and Commission |
0.58 |
0.67 |
0.66 |
0.68 |
-0.51 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.66 |
0.56 |
0.59 |
0.58 |
0.42 |
Other Noninterest Expense |
- |
- |
- |
- |
- |
Other loss/ -income |
15.18 |
16.36 |
16.67 |
16.09 |
19.25 |
Total Operating
Expenses |
22.43 |
23.59 |
24.20 |
23.52 |
21.85 |
Total Costs & Expenses |
36.42 |
36.22 |
33.52 |
31.47 |
28.37 |
Income /-loss before income taxes |
12.08 |
11.48 |
11.47 |
10.25 |
9.56 |
Income taxes expenses/-benefit |
2.30 |
2.53 |
2.35 |
2.04 |
1.94 |
Income after income taxes |
9.77 |
8.95 |
9.12 |
8.21 |
7.62 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
9.77 |
8.95 |
9.12 |
8.21 |
7.62 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
9.77 |
8.95 |
9.12 |
8.21 |
7.62 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
9.77 |
8.95 |
9.12 |
8.21 |
7.62 |