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 |
85.40 |
83.57 |
80.92 |
77.12 |
66.98 |
Interest Income, Securities, Operating, Taxable |
4.20 |
4.13 |
4.03 |
3.63 |
3.27 |
Interest Income, Deposits with Financial Institutions |
4.15 |
2.79 |
2.07 |
1.19 |
0.96 |
Other Income |
0.32 |
0.28 |
0.29 |
0.29 |
0.25 |
Total Interest Income |
94.07 |
90.77 |
87.30 |
82.24 |
71.45 |
Interest Expense, Deposits |
36.82 |
32.12 |
25.50 |
14.90 |
6.57 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Short-term |
0.75 |
1.63 |
2.37 |
1.19 |
0.35 |
Interest Expense, Subordinated Notes and Debentures |
1.65 |
1.60 |
1.58 |
1.58 |
1.45 |
Total Interest Expense |
39.22 |
35.35 |
29.45 |
17.68 |
8.36 |
Net Interest Income |
54.86 |
55.42 |
57.85 |
64.56 |
63.09 |
Provision
for loan losses |
5.15 |
-0.08 |
2.13 |
0.05 |
0.56 |
Total Net Interest Income |
49.70 |
55.50 |
55.72 |
64.51 |
62.52 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
6.30 |
2.98 |
2.63 |
1.67 |
2.54 |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Interest On Term Federal Funds Sold |
- |
- |
- |
- |
- |
Dividends On Federal Reserve Bank Stock |
- |
- |
- |
- |
- |
Dividends On Federal Home Loan Bank Stock |
- |
- |
- |
- |
- |
Remittance Fees |
1.16 |
1.17 |
1.26 |
1.12 |
1.13 |
Trade Finance Fees |
- |
- |
- |
- |
- |
Financing Receivable Allowance For Credit Losses Recovery |
- |
- |
- |
- |
- |
Dividends On Federal Reserve Bank And Federal Home Loan Bank Stock |
0.32 |
0.28 |
0.29 |
0.29 |
0.25 |
Provision Negative Provision For Loan Lease And Other Losses |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
1.17 |
1.21 |
1.87 |
1.93 |
2.25 |
Other Non-Interest Income |
2.29 |
2.29 |
2.29 |
2.45 |
2.75 |
Total Noninterest Income |
11.23 |
7.94 |
8.34 |
7.46 |
8.91 |
Total Revenues |
60.93 |
63.43 |
64.06 |
71.97 |
71.44 |
Salaries & employee benefits, SGA |
0.53 |
0.75 |
0.83 |
35.52 |
1.19 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
4.83 |
4.50 |
4.41 |
-2.68 |
4.74 |
Professional Fees |
1.57 |
1.38 |
1.34 |
1.78 |
1.25 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
0.55 |
0.64 |
0.68 |
0.68 |
0.71 |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
2.92 |
3.19 |
1.67 |
3.02 |
2.68 |
Other loss/ -income |
23.85 |
23.83 |
23.86 |
-4.49 |
22.72 |
Total Operating
Expenses |
34.25 |
34.28 |
32.79 |
33.84 |
33.28 |
Total Costs & Expenses |
73.46 |
69.63 |
62.24 |
51.52 |
41.64 |
Income /-loss before income taxes |
26.68 |
29.15 |
31.27 |
38.12 |
38.16 |
Income taxes expenses/-benefit |
7.89 |
8.53 |
9.27 |
9.64 |
10.99 |
Income after income taxes |
18.80 |
20.62 |
21.99 |
28.48 |
27.17 |
Net income/-loss
of other equity |
- |
0.00 |
- |
0.00 |
0.00 |
Income /-loss after income taxes |
18.80 |
20.62 |
21.99 |
28.48 |
27.17 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
18.80 |
20.62 |
21.99 |
28.48 |
27.17 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
18.80 |
20.62 |
21.99 |
28.48 |
27.17 |