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 |
10.48 |
10.55 |
9.62 |
9.00 |
9.06 |
Interest Income, Securities, Mortgage Backed |
0.54 |
0.57 |
0.60 |
0.65 |
0.68 |
Other Interest and Dividend Income |
0.17 |
0.14 |
0.08 |
0.12 |
0.13 |
Other Income |
0.35 |
0.27 |
0.20 |
0.14 |
0.14 |
Total Interest Income |
11.54 |
11.53 |
10.50 |
9.91 |
10.00 |
Interest Expense, Deposits |
4.32 |
3.61 |
2.55 |
1.80 |
0.82 |
Interest Expense, Borrowings |
0.05 |
0.11 |
0.20 |
0.02 |
0.25 |
Other Intrest Expenses |
0.00 |
0.00 |
0.02 |
0.03 |
0.02 |
Total Interest Expense |
4.38 |
3.72 |
2.77 |
1.85 |
1.08 |
Net Interest Income |
7.16 |
7.80 |
7.73 |
8.06 |
8.92 |
Provision
for loan losses |
0.15 |
0.32 |
0.26 |
-0.01 |
0.13 |
Total Net Interest Income |
7.02 |
7.49 |
7.47 |
8.07 |
8.79 |
Fees and Commissions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
0.86 |
0.86 |
0.83 |
0.81 |
0.83 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.54 |
0.47 |
0.42 |
0.43 |
0.42 |
Gain On Sale Of Branch Office |
- |
- |
- |
- |
- |
Allowance For Loan And Lease Losses Adjustments Net |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.40 |
0.46 |
0.33 |
0.30 |
0.30 |
Other Non-Interest Income |
0.39 |
0.39 |
0.37 |
0.37 |
0.39 |
Interest Expense Customer Escrows |
- |
0.00 |
0.02 |
0.03 |
0.02 |
Total Noninterest Income |
2.20 |
2.18 |
1.97 |
1.93 |
1.94 |
Total Revenues |
9.21 |
9.67 |
9.45 |
10.00 |
10.73 |
Salaries & employee benefits, SGA |
4.39 |
4.46 |
4.46 |
4.81 |
4.41 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.87 |
0.89 |
0.91 |
0.95 |
0.02 |
Professional Fees |
0.28 |
0.25 |
0.29 |
0.24 |
0.29 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
1.23 |
1.12 |
1.25 |
1.20 |
1.24 |
Other loss/ -income |
0.57 |
0.57 |
0.55 |
0.51 |
1.44 |
Total Operating
Expenses |
7.34 |
7.28 |
7.46 |
7.69 |
7.39 |
Total Costs & Expenses |
11.72 |
11.01 |
10.23 |
9.54 |
8.48 |
Income /-loss before income taxes |
1.87 |
2.39 |
1.99 |
2.31 |
3.34 |
Income taxes expenses/-benefit |
0.42 |
0.89 |
0.57 |
0.67 |
0.90 |
Income after income taxes |
1.45 |
1.50 |
1.42 |
1.63 |
2.44 |
Net income/-loss
of other equity |
0.00 |
0.00 |
0.00 |
- |
- |
Income /-loss after income taxes |
1.45 |
1.50 |
1.42 |
1.63 |
2.44 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
1.45 |
1.50 |
1.42 |
1.63 |
2.44 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
1.45 |
1.50 |
1.42 |
1.63 |
2.44 |