INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) III. Quarter |
(Dec 31 2022) IV. Quarter |
Interest and Fee Income, Loans and Leases |
52.69 |
48.90 |
46.91 |
43.84 |
40.35 |
Interest and Dividend Income, Securities |
0.96 |
0.91 |
0.86 |
0.80 |
-4.09 |
Other Income |
12.62 |
13.21 |
10.36 |
7.39 |
9.40 |
Total Interest Income |
66.27 |
63.02 |
58.12 |
52.03 |
45.67 |
Interest Expense, Deposits |
41.08 |
40.34 |
34.68 |
27.27 |
18.81 |
Interest Expense, Borrowings |
5.39 |
5.30 |
5.30 |
5.19 |
5.19 |
Total Interest Expense |
46.47 |
45.64 |
39.98 |
32.46 |
24.00 |
Net Interest Income |
19.81 |
17.38 |
18.15 |
19.57 |
21.67 |
Provision
for loan losses |
2.49 |
1.85 |
1.70 |
9.42 |
2.11 |
Total Net Interest Income |
16.21 |
15.43 |
16.45 |
10.16 |
19.56 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
0.22 |
0.21 |
0.22 |
0.21 |
0.23 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.82 |
0.82 |
0.29 |
0.37 |
1.53 |
Debt Securities Held To Maturity Credit Loss Expense Reversal |
-0.03 |
-0.02 |
- |
- |
- |
Gain Loss On Sale Of Other Loans And Leases |
6.03 |
5.57 |
4.87 |
4.06 |
2.86 |
Other Non-Interest Income |
0.37 |
0.82 |
0.49 |
0.81 |
1.19 |
Total Noninterest Income |
7.40 |
7.41 |
5.87 |
5.45 |
5.81 |
Total Revenues |
23.61 |
22.84 |
22.32 |
15.61 |
25.37 |
Salaries & employee benefits, SGA |
0.52 |
0.50 |
0.71 |
0.84 |
19.87 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
2.85 |
2.32 |
2.66 |
2.78 |
1.98 |
Professional Fees and Commission |
0.89 |
0.55 |
0.71 |
0.93 |
-1.36 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.33 |
1.07 |
0.94 |
0.54 |
0.36 |
Other Noninterest Expense |
1.55 |
1.52 |
1.36 |
1.43 |
1.50 |
Other loss/ -income |
12.92 |
13.80 |
12.30 |
14.43 |
-3.83 |
Total Operating
Expenses |
20.06 |
19.76 |
18.67 |
20.95 |
18.51 |
Total Costs & Expenses |
66.52 |
65.39 |
58.65 |
53.41 |
42.51 |
Income /-loss before income taxes |
3.56 |
3.08 |
3.65 |
-5.35 |
6.85 |
Income taxes expenses/-benefit |
-0.59 |
-0.33 |
-0.23 |
-2.33 |
0.50 |
Income after income taxes |
4.14 |
3.41 |
3.88 |
-3.02 |
6.35 |
Net income/-loss
of other equity |
- |
0.00 |
- |
0.00 |
- |
Income /-loss after income taxes |
4.14 |
3.41 |
3.88 |
-3.02 |
6.35 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
4.14 |
3.41 |
3.88 |
-3.02 |
6.35 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
4.14 |
3.41 |
3.88 |
-3.02 |
6.35 |