INCOME STATEMENT (Quarterly GAAP In millions $) |
(Sep 30 2023) I. Quarter |
(Jun 30 2023) IV. Quarter |
(Mar 31 2023) III. Quarter |
(Dec 31 2022) II. Quarter |
(Sep 30 2022) I. Quarter |
Interest and Fee Income, Loans and Leases |
58.50 |
56.12 |
47.91 |
39.00 |
33.25 |
InterestIncome Debt Securities Available For Sale Operating |
1.26 |
1.34 |
1.18 |
1.15 |
0.68 |
Interest Income, Domestic Deposits |
- |
- |
- |
0.18 |
1.12 |
Other Income |
2.11 |
1.67 |
1.58 |
1.07 |
0.89 |
Total Interest Income |
61.87 |
59.13 |
50.67 |
41.40 |
35.93 |
Interest Expense, Deposits |
16.43 |
12.66 |
7.86 |
3.60 |
1.40 |
Interest Expense, Borrowings |
0.24 |
-0.05 |
0.11 |
0.25 |
0.01 |
Other Intrest Expenses |
3.04 |
2.62 |
1.24 |
- |
- |
Total Interest Expense |
19.71 |
15.24 |
9.21 |
3.86 |
1.41 |
Net Interest Income |
42.16 |
43.90 |
41.45 |
37.55 |
34.52 |
Provision
for loan losses |
- |
15.39 |
- |
- |
- |
Total Net Interest Income |
42.16 |
28.50 |
41.45 |
37.55 |
34.52 |
Fees and Commissions, Mortgage Banking and Servicing |
0.56 |
0.79 |
0.56 |
0.65 |
0.57 |
Operating LeaseLease Income |
1.79 |
1.23 |
1.51 |
1.16 |
1.59 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.92 |
0.71 |
0.75 |
1.41 |
0.80 |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Financing Receivable Allowance For Credit Losses Recovery |
- |
- |
- |
- |
- |
Net Interest Income After Recovery For Loan Losses |
- |
- |
- |
- |
- |
Interest And Dividend Income Federal Home Loan Bank Stock |
- |
- |
- |
- |
- |
Interest Income Debt Securities Available For Sale Operating |
- |
- |
- |
- |
- |
Fees and Commissions Servicing |
2.32 |
-4.78 |
2.26 |
2.52 |
2.34 |
Operating Lease Lease Income |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
- |
0.07 |
0.90 |
1.13 |
- |
Loss/ -Gain on Investment |
2.11 |
1.67 |
1.58 |
1.07 |
0.89 |
Other Non-Interest Income |
0.07 |
-0.85 |
0.15 |
0.50 |
1.19 |
Core Deposit Intangible Amortization |
0.86 |
-0.63 |
0.61 |
0.03 |
0.03 |
Total Noninterest Income |
8.63 |
6.88 |
8.31 |
8.45 |
7.41 |
Total Revenues |
50.79 |
35.38 |
49.76 |
46.00 |
41.93 |
Salaries & employee benefits, SGA |
0.49 |
0.70 |
0.37 |
0.48 |
0.59 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
5.66 |
5.89 |
5.38 |
5.22 |
5.17 |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.72 |
0.55 |
0.61 |
0.55 |
0.54 |
Other Noninterest Expense |
4.67 |
5.55 |
4.27 |
4.49 |
3.87 |
Other loss/ -income |
18.03 |
18.21 |
22.21 |
15.34 |
15.93 |
Total Operating
Expenses |
29.56 |
30.90 |
32.83 |
26.08 |
26.10 |
Total Costs & Expenses |
49.27 |
46.13 |
42.05 |
29.93 |
27.51 |
Income /-loss before income taxes |
18.65 |
19.47 |
8.17 |
17.68 |
11.84 |
Income taxes expenses/-benefit |
3.82 |
4.46 |
1.44 |
4.03 |
2.64 |
Income after income taxes |
14.83 |
15.01 |
6.73 |
13.66 |
9.20 |
Net income/-loss
of other equity |
0.00 |
- |
0.00 |
- |
0.00 |
Income /-loss after income taxes |
14.83 |
15.01 |
6.73 |
13.66 |
9.20 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
14.83 |
15.01 |
6.73 |
13.66 |
9.20 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
14.83 |
15.01 |
6.73 |
13.66 |
9.20 |