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 |
57.09 |
56.12 |
53.62 |
50.45 |
48.51 |
Interest and Dividend Income, Securities |
0.30 |
0.45 |
0.52 |
0.59 |
-12.77 |
Interest Income, Domestic Deposits |
-1.15 |
- |
1.15 |
- |
- |
Interest Income, Deposits with Financial Institutions |
3.54 |
2.31 |
- |
0.97 |
2.01 |
Other Income |
14.49 |
14.59 |
14.77 |
14.66 |
28.27 |
Total Interest Income |
74.26 |
73.47 |
70.07 |
66.67 |
66.02 |
Interest Expense, Deposits |
14.34 |
11.88 |
8.61 |
4.53 |
2.46 |
Interest Expense, Short-term Borrowings |
0.05 |
0.04 |
0.06 |
- |
- |
Interest Expense, Junior Subordinated Debentures |
0.55 |
0.54 |
0.50 |
0.48 |
0.41 |
Interest Expense, Other |
-1.81 |
- |
- |
1.81 |
0.05 |
Other Intrest Expenses |
7.26 |
5.39 |
5.08 |
- |
- |
Total Interest Expense |
1.92 |
1.09 |
1.05 |
- |
- |
Total Interest Expense |
20.39 |
17.85 |
14.25 |
6.82 |
2.91 |
Net Interest Income |
53.87 |
55.62 |
55.82 |
59.84 |
63.11 |
Provision
for loan losses |
1.42 |
-0.88 |
1.91 |
1.83 |
1.41 |
Total Net Interest Income |
52.45 |
56.50 |
53.92 |
58.02 |
61.70 |
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
5.43 |
2.86 |
2.68 |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
1.42 |
2.13 |
1.42 |
3.11 |
-1.01 |
Provision For Loan Losses On Purchased Loans |
- |
- |
- |
- |
- |
Provision Reversal Of Provision For Loan Losses On Purchased Loans |
- |
- |
- |
- |
- |
Interest Rate Swap Fee Income |
- |
- |
- |
0.05 |
0.02 |
Interest Bearing Deposit Interest |
- |
- |
- |
- |
- |
Merchant Visa Income |
- |
- |
- |
- |
- |
Fdic Loss Sharing Income Net |
- |
- |
- |
- |
- |
Provision For Loan Losses On Originated Loans |
- |
- |
- |
- |
- |
Merchant Visa Income Net |
- |
- |
- |
- |
- |
Business Acquisition Gain Recognized |
- |
- |
- |
- |
- |
F D I C Indemnification Asset Period Increase Decrease |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
- |
- |
- |
0.00 |
- |
Loss/ -Gain on Investment |
- |
0.16 |
0.10 |
0.05 |
0.04 |
Other Non-Interest Income |
-10.00 |
1.13 |
3.08 |
5.05 |
7.53 |
Total Noninterest Income |
-3.15 |
6.27 |
7.28 |
8.26 |
6.58 |
Total Revenues |
49.30 |
62.77 |
61.20 |
66.28 |
68.28 |
Salaries & employee benefits, SGA |
0.31 |
0.39 |
0.44 |
1.41 |
41.35 |
Depriciation & Amortization |
0.59 |
0.60 |
0.62 |
0.62 |
0.67 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
4.78 |
4.81 |
4.67 |
4.89 |
-3.71 |
Professional Fees |
2.27 |
0.58 |
0.75 |
0.63 |
0.63 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.85 |
0.82 |
0.80 |
0.85 |
0.49 |
Other Noninterest Expense |
3.01 |
3.31 |
3.71 |
3.32 |
3.15 |
Other loss/ -income |
29.73 |
30.46 |
30.34 |
29.88 |
-3.54 |
Total Operating
Expenses |
42.72 |
40.97 |
41.33 |
41.61 |
40.39 |
Total Costs & Expenses |
63.11 |
58.82 |
55.57 |
48.43 |
43.31 |
Income /-loss before income taxes |
6.58 |
21.80 |
19.87 |
24.67 |
27.89 |
Income taxes expenses/-benefit |
0.34 |
3.58 |
3.03 |
4.21 |
5.35 |
Income after income taxes |
6.23 |
18.22 |
16.85 |
20.46 |
22.54 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
6.23 |
18.22 |
16.85 |
20.46 |
22.54 |
Net Income (Loss) Attributable to Noncontrolling Interest |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
6.23 |
18.22 |
16.85 |
20.46 |
22.54 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
6.23 |
18.22 |
16.85 |
20.46 |
22.54 |