INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) II. Quarter |
(Sep 30 2023) I. Quarter |
(Jun 30 2023) IV. Quarter |
(Mar 31 2023) III. Quarter |
(Dec 31 2022) II. Quarter |
Interest and Fee Income, Loans and Leases |
7.40 |
7.27 |
6.87 |
6.15 |
5.41 |
Interest Income, Securities, Mortgage Backed |
0.46 |
0.47 |
0.48 |
0.49 |
0.49 |
Other Interest and Dividend Income |
0.01 |
0.18 |
0.25 |
0.27 |
0.19 |
Other Income |
0.21 |
0.15 |
0.15 |
0.10 |
0.00 |
Total Interest Income |
8.08 |
8.07 |
7.75 |
7.01 |
6.09 |
Interest Expense, Deposits |
2.90 |
2.59 |
2.12 |
1.34 |
0.65 |
Interest Expense, Long-term Debt and Capital Securities |
0.20 |
0.02 |
0.17 |
0.15 |
0.11 |
Other Intrest Expenses |
0.08 |
0.18 |
0.01 |
0.05 |
0.01 |
Total Interest Expense |
3.18 |
2.79 |
2.30 |
1.54 |
0.76 |
Net Interest Income |
4.90 |
5.28 |
5.45 |
5.47 |
5.32 |
Provision
for loan losses |
-0.02 |
- |
0.15 |
0.15 |
0.15 |
Total Net Interest Income |
4.92 |
5.28 |
5.30 |
5.32 |
5.17 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.02 |
0.01 |
0.02 |
0.01 |
0.01 |
Gain On Sale Of Investments |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Properties |
- |
- |
- |
- |
- |
Debt And Equity Securities Realized Gain Loss |
- |
- |
- |
- |
- |
Service Charges On Deposit Accounts |
- |
- |
-0.74 |
0.38 |
0.36 |
Gain (Loss) on Disposition of Assets and Other Investments |
-0.38 |
-0.03 |
- |
0.00 |
- |
Loss/ -Gain on Investment |
- |
0.15 |
0.15 |
0.10 |
0.00 |
Other Non-Interest Income |
0.23 |
0.20 |
-0.06 |
0.01 |
0.17 |
Audit And Examination Fees |
0.27 |
0.10 |
- |
- |
- |
Total Noninterest Income |
0.14 |
0.43 |
0.51 |
0.51 |
0.54 |
Total Revenues |
5.06 |
5.72 |
5.81 |
5.83 |
5.71 |
Salaries & employee benefits, SGA |
2.49 |
2.51 |
2.54 |
2.46 |
2.22 |
Unusual Expense /-Income |
- |
- |
0.77 |
0.27 |
0.07 |
Depriciation & Amortization |
0.09 |
0.09 |
0.10 |
0.07 |
- |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.54 |
0.55 |
0.54 |
0.54 |
0.50 |
Professional Fees |
0.19 |
0.16 |
0.07 |
0.08 |
0.09 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.11 |
0.09 |
0.15 |
0.05 |
0.05 |
Other Noninterest Expense |
0.32 |
0.23 |
-0.39 |
0.73 |
0.28 |
Other loss/ -income |
0.51 |
0.55 |
0.43 |
0.29 |
0.35 |
Total Operating
Expenses |
4.25 |
4.19 |
4.21 |
4.50 |
3.56 |
Total Costs & Expenses |
7.43 |
6.98 |
6.51 |
6.04 |
4.32 |
Income /-loss before income taxes |
0.81 |
1.53 |
1.60 |
1.33 |
2.16 |
Income taxes expenses/-benefit |
-0.20 |
0.31 |
0.34 |
0.27 |
0.44 |
Income after income taxes |
1.00 |
1.22 |
1.26 |
1.06 |
1.71 |
Net income/-loss
of other equity |
0.00 |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
1.00 |
1.22 |
1.26 |
1.06 |
1.71 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
1.00 |
1.22 |
1.26 |
1.06 |
1.71 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
1.00 |
1.22 |
1.26 |
1.06 |
1.71 |