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 |
65.58 |
63.00 |
60.59 |
55.36 |
47.02 |
Interest and Dividend Income, Securities |
6.77 |
7.00 |
7.06 |
7.56 |
-8.68 |
Other Interest and Dividend Income |
3.01 |
1.33 |
0.48 |
0.15 |
0.31 |
Other Income |
8.16 |
8.79 |
8.74 |
8.73 |
24.70 |
Total Interest Income |
83.51 |
80.13 |
76.87 |
71.80 |
63.35 |
Interest Expense, Deposits |
27.38 |
24.70 |
18.96 |
14.82 |
10.52 |
Interest Expense, Long-term Debt and Capital Securities |
0.87 |
0.88 |
0.88 |
0.88 |
-0.13 |
Other Intrest Expenses |
13.01 |
12.45 |
10.87 |
10.86 |
8.02 |
Total Interest Expense |
41.26 |
38.04 |
30.71 |
26.56 |
18.41 |
Net Interest Income |
42.26 |
42.09 |
46.16 |
45.24 |
44.94 |
Provision
for loan losses |
1.27 |
0.26 |
0.68 |
0.24 |
-0.07 |
Total Net Interest Income |
40.98 |
41.83 |
45.48 |
45.00 |
45.01 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
0.66 |
1.06 |
1.02 |
0.98 |
0.75 |
Mortgage Servicing Income Loss Net Of Impairment |
- |
0.63 |
0.64 |
0.71 |
0.64 |
Loans Receivable |
- |
- |
- |
- |
- |
Death Benefit On Officer Life Insurance |
- |
- |
- |
- |
- |
Life Settlement Contracts Fair Value Method Gain Loss |
- |
- |
- |
- |
- |
Noninterest Income Other Operating Income Expense |
- |
0.96 |
0.35 |
0.36 |
0.80 |
Bank Owned Life Insurance Death Benefit Income |
- |
- |
- |
- |
- |
Financing Receivable Credit Loss Expense Reversal Including Adjustments |
- |
0.26 |
0.68 |
0.24 |
-1.82 |
Loss/ -Gain on Investment |
- |
1.58 |
1.01 |
0.79 |
0.67 |
Other Non-Interest Income |
-36.61 |
-7.33 |
-6.32 |
-7.07 |
3.16 |
Outside Services And Consultants |
2.39 |
2.32 |
2.52 |
2.72 |
2.99 |
Loan Expense |
1.35 |
1.12 |
1.40 |
1.12 |
-2.56 |
Interest Expense Borrowed Funds |
11.77 |
11.22 |
9.72 |
9.77 |
6.04 |
Total Noninterest Income |
-20.45 |
11.83 |
11.00 |
9.62 |
10.67 |
Total Revenues |
20.53 |
53.66 |
56.48 |
54.62 |
55.69 |
Salaries & employee benefits, SGA |
21.88 |
20.06 |
20.16 |
18.71 |
19.98 |
Depriciation & Amortization |
0.90 |
0.90 |
0.90 |
0.90 |
3.70 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
3.26 |
3.28 |
3.25 |
3.56 |
-1.87 |
Professional Fees |
0.77 |
0.71 |
0.63 |
0.53 |
0.69 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.20 |
1.30 |
0.84 |
0.54 |
2.56 |
Other Noninterest Expense |
4.13 |
3.29 |
3.41 |
3.55 |
0.40 |
Other loss/ -income |
7.19 |
6.62 |
7.06 |
6.73 |
6.40 |
Total Operating
Expenses |
39.33 |
36.17 |
36.26 |
34.52 |
31.87 |
Total Costs & Expenses |
80.59 |
74.20 |
66.97 |
61.09 |
50.28 |
Income /-loss before income taxes |
-18.80 |
17.49 |
20.22 |
20.09 |
23.81 |
Income taxes expenses/-benefit |
6.42 |
1.28 |
1.45 |
1.86 |
2.65 |
Income after income taxes |
-25.22 |
16.21 |
18.76 |
18.23 |
21.17 |
Net income/-loss
of other equity |
- |
0.00 |
0.00 |
- |
- |
Income /-loss after income taxes |
-25.22 |
16.21 |
18.76 |
18.23 |
21.17 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
-25.22 |
16.21 |
18.76 |
18.23 |
21.17 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
-25.22 |
16.21 |
18.76 |
18.23 |
21.17 |