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 |
21.11 |
17.88 |
16.76 |
16.14 |
15.89 |
Interest and Dividend Income, Securities |
1.44 |
1.47 |
1.50 |
1.52 |
1.53 |
Other Interest and Dividend Income |
0.70 |
0.29 |
0.41 |
0.22 |
0.26 |
Other Income |
0.06 |
0.04 |
0.04 |
0.04 |
0.04 |
Total Interest Income |
23.31 |
19.67 |
18.70 |
17.92 |
17.72 |
Interest Expense, Deposits |
6.35 |
4.43 |
3.34 |
2.46 |
1.19 |
Interest Expense, Short-term Borrowings |
0.92 |
0.83 |
1.01 |
1.30 |
0.10 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
-1.24 |
0.84 |
0.18 |
0.22 |
-0.39 |
Other Intrest Expenses |
2.62 |
- |
- |
- |
0.61 |
Total Interest Expense |
8.65 |
6.10 |
4.53 |
3.98 |
1.51 |
Net Interest Income |
14.66 |
13.57 |
14.18 |
13.94 |
16.21 |
Provision
for loan losses |
2.22 |
-0.11 |
0.03 |
-0.06 |
-0.02 |
Total Net Interest Income |
12.44 |
13.69 |
14.15 |
14.00 |
16.23 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
1.83 |
1.74 |
1.79 |
1.74 |
1.62 |
Profit (Loss) from Real Estate Operations |
0.00 |
0.00 |
0.00 |
- |
0.01 |
Other Noninterest Income |
0.28 |
0.13 |
0.13 |
0.08 |
-0.33 |
Dividend Income Equity Securities Operating |
0.01 |
0.01 |
0.01 |
0.02 |
0.02 |
Fees And Commissions Fiduciary And Trust Activities |
- |
- |
- |
- |
- |
Fees And Commissions Depositor Accounts |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss |
- |
- |
- |
- |
- |
Statement Line Items |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.66 |
0.03 |
0.00 |
0.01 |
0.01 |
Other Non-Interest Income |
0.72 |
1.67 |
1.71 |
1.74 |
0.94 |
Atm And Debit Card Processing |
1.11 |
- |
- |
- |
1.37 |
Total Noninterest Income |
4.61 |
3.58 |
3.65 |
3.58 |
3.63 |
Total Revenues |
17.05 |
17.26 |
17.79 |
17.58 |
19.86 |
Salaries & employee benefits, SGA |
0.81 |
0.62 |
0.72 |
0.59 |
13.46 |
Restructuring, Accretion & impairment charges |
3.94 |
0.30 |
0.42 |
- |
- |
Depriciation & Amortization |
0.20 |
0.11 |
0.11 |
0.11 |
0.11 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.93 |
0.81 |
0.60 |
0.96 |
1.88 |
Professional and Contract Services Expense |
0.80 |
0.67 |
0.67 |
0.64 |
0.60 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.93 |
- |
- |
- |
0.53 |
Other Noninterest Expense |
0.07 |
2.07 |
1.87 |
2.30 |
-0.64 |
Federal Deposit Insurance Corporation Premium Refund Net |
-0.66 |
0.22 |
0.22 |
0.22 |
-0.40 |
Other loss/ -income |
10.57 |
7.44 |
7.48 |
7.71 |
-3.72 |
Total Operating
Expenses |
17.58 |
12.24 |
12.08 |
12.53 |
12.07 |
Total Costs & Expenses |
26.23 |
18.34 |
16.60 |
16.50 |
13.58 |
Income /-loss before income taxes |
-0.53 |
5.02 |
5.72 |
5.06 |
7.79 |
Income taxes expenses/-benefit |
-0.24 |
0.95 |
1.02 |
0.90 |
1.38 |
Income after income taxes |
-0.29 |
4.07 |
4.69 |
4.16 |
6.41 |
Net income/-loss
of other equity |
0.00 |
- |
- |
- |
- |
Income /-loss after income taxes |
-0.29 |
4.07 |
4.69 |
4.16 |
6.41 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
-0.29 |
4.07 |
4.69 |
4.16 |
6.41 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
-0.29 |
4.07 |
4.69 |
4.16 |
6.41 |