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 |
40.33 |
37.70 |
34.71 |
32.62 |
29.47 |
Interest and Dividend Income, Securities |
3.74 |
3.75 |
3.88 |
-56.37 |
3.58 |
Interest Income, Federal Funds Sold |
0.13 |
0.24 |
0.20 |
0.39 |
1.37 |
Other Income |
- |
- |
- |
60.02 |
0.00 |
Total Interest Income |
44.20 |
41.68 |
38.79 |
36.65 |
34.42 |
Interest Expense, Deposits |
10.89 |
9.46 |
7.27 |
5.56 |
4.10 |
Interest Expense, Other Short-term Borrowings |
- |
- |
- |
0.17 |
- |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
5.01 |
3.42 |
2.31 |
0.09 |
- |
Total Interest Expense |
15.90 |
12.87 |
9.59 |
5.83 |
4.10 |
Net Interest Income |
28.30 |
28.81 |
29.20 |
30.82 |
30.32 |
Provision
for loan losses |
6.93 |
2.68 |
0.37 |
3.07 |
-0.34 |
Total Net Interest Income |
21.38 |
26.13 |
28.83 |
27.75 |
30.65 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
3.31 |
3.41 |
3.27 |
2.95 |
2.86 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other |
0.16 |
0.15 |
-0.07 |
0.52 |
0.16 |
Rental Revenue On Tax Credit Real Estate |
- |
- |
- |
- |
- |
Net Gain On Sale Of Other Real Estate Owned And Other Repossessed Assets |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Loss |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.55 |
0.44 |
0.15 |
0.14 |
0.24 |
Other Non-Interest Income |
-0.72 |
-0.48 |
-0.75 |
-0.86 |
-0.80 |
Advertising And Business Development |
0.60 |
0.62 |
0.87 |
0.70 |
0.59 |
Outside Services |
3.47 |
3.21 |
2.91 |
3.36 |
3.49 |
Total Noninterest Income |
7.37 |
7.34 |
6.38 |
6.81 |
6.55 |
Total Revenues |
28.75 |
33.48 |
35.21 |
34.55 |
37.20 |
Salaries & employee benefits, SGA |
11.04 |
10.83 |
11.50 |
11.48 |
10.82 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
- |
- |
- |
- |
- |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
0.44 |
0.46 |
0.45 |
0.46 |
0.43 |
Federal Deposit Insurance Corporation Premium Expense |
0.46 |
0.61 |
0.27 |
0.26 |
0.27 |
Other Noninterest Expense |
0.66 |
0.22 |
0.54 |
0.56 |
0.65 |
Occupancy |
1.18 |
1.06 |
1.18 |
1.28 |
1.02 |
Other loss/ -income |
5.88 |
5.51 |
5.48 |
5.85 |
5.85 |
Total Operating
Expenses |
19.67 |
18.70 |
19.41 |
19.90 |
19.03 |
Total Costs & Expenses |
35.57 |
31.57 |
29.00 |
25.73 |
23.14 |
Income /-loss before income taxes |
9.08 |
14.78 |
15.80 |
14.66 |
18.17 |
Income taxes expenses/-benefit |
1.84 |
3.21 |
3.34 |
2.62 |
4.43 |
Income after income taxes |
7.24 |
11.57 |
12.46 |
12.04 |
13.74 |
Net income/-loss
of other equity |
0.00 |
- |
- |
- |
0.00 |
Income /-loss after income taxes |
7.24 |
11.57 |
12.46 |
12.04 |
13.74 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
7.24 |
11.57 |
12.46 |
12.04 |
13.74 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
7.24 |
11.57 |
12.46 |
12.04 |
13.74 |