INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) I. Quarter |
(Sep 30 2023) IV. Quarter |
(Jun 30 2023) III. Quarter |
(Mar 31 2023) II. Quarter |
(Dec 31 2022) I. Quarter |
Interest and Fee Income, Loans and Leases |
26.06 |
25.14 |
23.18 |
21.30 |
20.19 |
Interest and Dividend Income, Securities |
2.28 |
2.31 |
2.92 |
2.96 |
2.93 |
Interest Income, Deposits with Financial Institutions |
0.25 |
0.27 |
0.27 |
0.19 |
0.14 |
Other Income |
0.07 |
0.43 |
0.42 |
0.36 |
0.22 |
Total Interest Income |
28.66 |
28.14 |
26.80 |
24.81 |
23.48 |
Interest Expense, Deposits |
9.99 |
9.46 |
7.79 |
6.27 |
4.16 |
Interest Expense, Other Short-term Borrowings |
0.78 |
0.68 |
0.70 |
0.72 |
1.15 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
3.77 |
2.46 |
3.45 |
2.92 |
1.92 |
Other Intrest Expenses |
- |
0.00 |
- |
- |
- |
Total Interest Expense |
14.54 |
12.60 |
11.93 |
9.90 |
7.22 |
Net Interest Income |
14.11 |
15.54 |
14.87 |
14.91 |
16.26 |
Provision
for loan losses |
0.41 |
0.82 |
0.44 |
0.37 |
0.98 |
Total Net Interest Income |
13.70 |
14.72 |
14.42 |
14.54 |
15.28 |
Fees and Commissions, Mortgage Banking and Servicing |
0.09 |
3.02 |
4.67 |
4.15 |
2.50 |
Profit (Loss) from Real Estate Operations |
- |
0.00 |
- |
- |
- |
Other Noninterest Income |
0.23 |
-0.04 |
0.13 |
0.78 |
0.16 |
Unrealised Gain Loss On Loans Hold For Salenet |
- |
- |
- |
- |
- |
Income Loss On Tax Credit Investment |
- |
- |
- |
- |
- |
Gain Loss On Termination Of Lease |
- |
- |
- |
- |
- |
Investment Tax Credit |
- |
- |
- |
- |
- |
Commission Income |
0.22 |
-0.44 |
0.25 |
0.19 |
0.13 |
Real Estate Lease Income |
0.12 |
-0.24 |
0.12 |
0.12 |
0.12 |
A T M And Interchange Fees |
0.45 |
-1.20 |
0.62 |
0.59 |
0.74 |
Debt Securities Available For Sale Realized Gain Loss |
- |
0.54 |
-0.54 |
- |
- |
Equity Securities Fv Ni Unrealized Gain Loss |
0.04 |
-0.03 |
0.01 |
0.02 |
0.01 |
Net Gain On Sale Of Loans Small Business Administration |
0.83 |
-1.40 |
0.50 |
0.91 |
0.78 |
Service Charges On Deposit Accounts |
0.47 |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
- |
0.02 |
- |
0.03 |
- |
Loss/ -Gain on Investment |
0.01 |
- |
- |
- |
- |
Other Non-Interest Income |
0.32 |
5.21 |
1.45 |
0.74 |
0.78 |
Other Than Temporary Impairment Loss Debt Securities Available For Sale |
- |
- |
- |
- |
-0.03 |
Total Noninterest Income |
2.78 |
5.44 |
7.20 |
7.52 |
5.19 |
Total Revenues |
16.48 |
20.16 |
21.62 |
22.06 |
20.47 |
Salaries & employee benefits, SGA |
9.66 |
11.71 |
11.14 |
10.41 |
10.69 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
2.04 |
1.88 |
2.28 |
1.92 |
1.86 |
Professional Fees |
1.08 |
0.05 |
1.36 |
0.78 |
0.79 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.49 |
0.51 |
0.49 |
0.37 |
0.31 |
Other Noninterest Expense |
1.65 |
4.87 |
2.15 |
3.02 |
2.67 |
Other loss/ -income |
1.12 |
2.63 |
1.56 |
1.50 |
1.20 |
Total Operating
Expenses |
16.04 |
21.65 |
18.97 |
18.00 |
17.51 |
Total Costs & Expenses |
30.58 |
34.25 |
30.90 |
27.90 |
24.73 |
Income /-loss before income taxes |
0.44 |
-1.48 |
2.66 |
4.06 |
2.95 |
Income taxes expenses/-benefit |
-0.48 |
-0.74 |
0.33 |
0.33 |
0.08 |
Income after income taxes |
0.92 |
-0.75 |
2.32 |
3.72 |
2.87 |
Net income/-loss
of other equity |
0.00 |
- |
- |
- |
- |
Income /-loss after income taxes |
0.92 |
-0.75 |
2.32 |
3.72 |
2.87 |
Net Income (Loss) Attributable to Noncontrolling Interest |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
0.92 |
-0.75 |
2.32 |
3.72 |
2.87 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
0.92 |
-0.75 |
2.32 |
3.72 |
2.87 |