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 |
44.64 |
44.85 |
44.03 |
44.11 |
42.50 |
Interest and Dividend Income, Securities |
0.23 |
0.23 |
0.24 |
0.25 |
-7.60 |
Interest Income, Deposits with Financial Institutions |
7.51 |
8.91 |
7.09 |
4.86 |
5.49 |
Other Income |
6.52 |
6.80 |
6.98 |
7.06 |
14.79 |
Total Interest Income |
58.89 |
60.79 |
58.34 |
56.27 |
55.19 |
Interest Expense, Deposits |
16.05 |
14.88 |
10.72 |
5.90 |
2.92 |
Interest Expense, Other Short-term Borrowings |
- |
- |
0.79 |
0.58 |
- |
Interest Expense, Subordinated Notes and Debentures |
0.54 |
0.54 |
0.54 |
0.54 |
0.54 |
Other Intrest Expenses |
-8.12 |
-8.01 |
-7.43 |
-6.79 |
-6.68 |
Total Interest Expense |
16.59 |
15.42 |
12.05 |
7.02 |
3.45 |
Net Interest Income |
42.30 |
45.37 |
46.29 |
49.26 |
51.74 |
Provision
for loan losses |
0.29 |
0.17 |
0.26 |
0.03 |
0.51 |
Total Net Interest Income |
42.01 |
45.20 |
46.03 |
49.23 |
51.23 |
Fees and Commissions, Mortgage Banking and Servicing |
0.10 |
0.06 |
0.10 |
0.13 |
0.14 |
Revenue From Contract With Customer Excluding Assessed Tax |
0.84 |
0.86 |
0.90 |
1.74 |
1.80 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.43 |
0.35 |
0.37 |
0.31 |
-0.61 |
Gain Loss On Sale Of Other Loans And Leases |
- |
- |
- |
- |
- |
Gain Loss On Sales Of Commercial Loans |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Loans And Leases |
0.00 |
0.21 |
0.20 |
0.08 |
0.03 |
Gain Loss From Life Insurance Policies |
- |
- |
- |
- |
- |
Commissions And Fees Income From Depositor Accounts |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Type Of Revenue Extensible List |
- |
- |
- |
- |
- |
Gain Loss On Proceeds From Company Owned Life Insurance |
0.03 |
0.10 |
- |
- |
0.03 |
Termination Fees |
0.03 |
0.12 |
- |
0.01 |
-0.59 |
Other Non-Interest Income |
0.52 |
0.52 |
0.50 |
0.49 |
1.98 |
Total Noninterest Income |
1.94 |
2.22 |
2.07 |
2.77 |
2.77 |
Total Revenues |
43.95 |
47.42 |
48.11 |
51.99 |
54.00 |
Salaries & employee benefits, SGA |
13.92 |
14.15 |
13.99 |
14.81 |
13.92 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
2.37 |
2.30 |
2.42 |
2.40 |
2.51 |
Professional Fees |
1.09 |
0.72 |
1.15 |
1.40 |
1.41 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
- |
- |
- |
- |
- |
Other loss/ -income |
8.12 |
8.01 |
7.43 |
6.79 |
6.68 |
Total Operating
Expenses |
25.49 |
25.17 |
24.99 |
25.40 |
24.52 |
Total Costs & Expenses |
42.08 |
40.59 |
37.04 |
32.42 |
27.97 |
Income /-loss before income taxes |
18.46 |
22.25 |
23.12 |
26.59 |
29.49 |
Income taxes expenses/-benefit |
5.14 |
6.45 |
6.71 |
7.67 |
8.69 |
Income after income taxes |
13.33 |
15.80 |
16.40 |
18.92 |
20.80 |
Net income/-loss
of other equity |
0.00 |
0.00 |
- |
- |
- |
Income /-loss after income taxes |
13.33 |
15.80 |
16.40 |
18.92 |
20.80 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
13.33 |
15.80 |
16.40 |
18.92 |
20.80 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
13.33 |
15.80 |
16.40 |
18.92 |
20.80 |