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 |
33.13 |
28.89 |
28.51 |
27.36 |
25.96 |
Interest and Dividend Income, Securities |
0.25 |
0.22 |
0.12 |
0.11 |
3.09 |
Other Income |
3.29 |
4.05 |
3.76 |
3.51 |
0.33 |
Total Interest Income |
36.67 |
33.16 |
32.40 |
30.98 |
29.37 |
Interest Expense, Deposits |
14.58 |
11.73 |
9.53 |
6.22 |
3.05 |
Interest Expense, Borrowings |
3.59 |
3.96 |
4.48 |
4.58 |
3.80 |
Total Interest Expense |
18.18 |
15.69 |
14.01 |
10.80 |
6.85 |
Net Interest Income |
18.49 |
17.47 |
18.39 |
20.17 |
22.52 |
Provision
for loan losses |
0.49 |
-0.03 |
-2.84 |
0.39 |
1.27 |
Total Net Interest Income |
18.01 |
17.50 |
21.23 |
19.79 |
21.25 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
0.80 |
0.81 |
0.75 |
0.74 |
0.80 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.50 |
0.40 |
0.68 |
0.49 |
-0.16 |
Gain Loss On Bargain Purchase |
- |
- |
- |
- |
- |
Fee Income Loans Held For Sale |
- |
- |
- |
- |
- |
Servicing Fees And Fee Income On Serviced Loans |
- |
- |
- |
- |
- |
Gain Loss On Sales Of Foreclosed Assets |
- |
- |
- |
- |
- |
Equity Securities F V N I Unrealized Gain Loss |
- |
- |
- |
- |
- |
Equity Securities F V N I Unrealized Gain Loss Excluding Amounts Included In Other Noninterest Expense |
- |
- |
- |
- |
- |
Equity Securities Fv Ni Unrealized Gain Loss |
0.02 |
0.02 |
-0.11 |
0.00 |
0.01 |
Gain (Loss) on Disposition of Assets and Other Investments |
-0.04 |
-0.37 |
-0.06 |
-0.86 |
-0.07 |
Loss/ -Gain on Investment |
0.00 |
0.02 |
0.01 |
-0.14 |
-0.04 |
Other Non-Interest Income |
0.47 |
0.76 |
0.80 |
0.85 |
2.89 |
Total Noninterest Income |
1.76 |
1.64 |
2.07 |
1.08 |
3.44 |
Total Revenues |
19.76 |
19.14 |
23.30 |
20.86 |
24.69 |
Salaries & employee benefits, SGA |
0.07 |
0.08 |
0.08 |
0.07 |
18.01 |
Depriciation & Amortization |
0.91 |
0.90 |
0.92 |
1.05 |
1.07 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.71 |
0.62 |
0.65 |
1.02 |
-1.02 |
Professional Fees |
0.46 |
0.52 |
0.32 |
0.63 |
0.44 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies Expense |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
3.40 |
3.31 |
3.10 |
3.19 |
3.07 |
Other loss/ -income |
9.90 |
10.35 |
10.17 |
10.21 |
-9.79 |
Total Operating
Expenses |
15.44 |
15.77 |
15.24 |
16.18 |
13.91 |
Total Costs & Expenses |
33.62 |
31.47 |
29.25 |
26.98 |
20.77 |
Income /-loss before income taxes |
4.32 |
3.37 |
8.06 |
4.69 |
10.78 |
Income taxes expenses/-benefit |
0.78 |
0.59 |
1.51 |
0.87 |
1.88 |
Income after income taxes |
3.54 |
2.78 |
6.55 |
3.81 |
8.90 |
Net income/-loss
of other equity |
0.00 |
- |
0.00 |
- |
- |
Income /-loss after income taxes |
3.54 |
2.78 |
6.55 |
3.81 |
8.90 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
3.54 |
2.78 |
6.55 |
3.81 |
8.90 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
3.54 |
2.78 |
6.55 |
3.81 |
8.90 |