INCOME STATEMENT (Quarterly GAAP In millions $) |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Interest and Fee Income, Loans and Leases |
7.70 |
7.48 |
7.25 |
6.91 |
6.31 |
Interest and Dividend Income, Securities |
0.24 |
0.27 |
0.31 |
-0.09 |
0.31 |
Other Interest and Dividend Income |
0.56 |
0.49 |
0.17 |
0.04 |
0.09 |
Other Income |
0.22 |
0.24 |
0.23 |
0.61 |
0.21 |
Total Interest Income |
8.72 |
8.47 |
7.95 |
7.47 |
6.92 |
Interest Expense, Domestic Deposits |
2.10 |
1.92 |
1.31 |
0.72 |
0.42 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Short-term |
- |
0.01 |
0.08 |
0.05 |
- |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
0.31 |
0.32 |
0.26 |
0.14 |
0.14 |
Interest Expense, Other |
0.01 |
0.01 |
0.01 |
0.01 |
0.01 |
Total Interest Expense |
2.43 |
2.26 |
1.66 |
0.92 |
0.57 |
Net Interest Income |
6.30 |
6.21 |
6.29 |
6.55 |
6.35 |
Provision
for loan losses |
-0.20 |
-0.19 |
-0.63 |
0.23 |
- |
Total Net Interest Income |
6.49 |
6.40 |
6.92 |
6.32 |
6.35 |
Unrealized Gain Loss On Derivatives |
- |
-0.01 |
-0.05 |
-0.01 |
0.09 |
Revenue From Contract With Customer Including Assessed Tax |
0.26 |
0.26 |
0.27 |
0.27 |
0.28 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.02 |
0.02 |
0.02 |
-0.16 |
0.02 |
Other Assets Investment In Unconsolidated Entity Write Down |
- |
- |
- |
- |
- |
Unrealized Gain Loss On Securities |
- |
- |
- |
- |
- |
Fees And Commissions Debit Card |
- |
- |
- |
0.21 |
0.21 |
Equity Securities Fv Ni Unrealized Loss |
- |
- |
- |
0.01 |
- |
Equity Securities Fv Ni Unrealized Gain Loss |
0.00 |
0.00 |
0.00 |
-0.01 |
0.00 |
Loss/ -Gain on Investment |
- |
- |
- |
0.00 |
- |
Other Non-Interest Income |
0.32 |
0.28 |
0.31 |
0.28 |
0.07 |
Recovery On Previously Impaired Investment Securities |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Noninterest Income |
0.61 |
0.55 |
0.55 |
0.58 |
0.67 |
Total Revenues |
7.10 |
6.95 |
7.47 |
6.91 |
7.01 |
Salaries & employee benefits, SGA |
0.16 |
0.18 |
0.18 |
4.61 |
0.20 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.72 |
0.70 |
0.80 |
0.09 |
0.74 |
Professional Fees |
0.39 |
0.85 |
0.85 |
0.91 |
0.56 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
0.06 |
0.06 |
0.07 |
0.10 |
0.05 |
Federal Deposit Insurance Corporation Premium Expense |
0.30 |
0.44 |
0.10 |
0.13 |
0.05 |
Other Noninterest Expense |
0.38 |
0.39 |
0.37 |
0.48 |
0.37 |
Other loss/ -income |
3.21 |
3.29 |
3.16 |
-0.85 |
2.91 |
Total Operating
Expenses |
5.20 |
5.90 |
5.52 |
5.47 |
4.87 |
Total Costs & Expenses |
7.62 |
8.16 |
7.18 |
6.39 |
5.44 |
Income /-loss before income taxes |
1.90 |
1.05 |
1.95 |
1.44 |
2.14 |
Income taxes expenses/-benefit |
0.33 |
0.24 |
0.27 |
0.25 |
0.37 |
Income after income taxes |
1.57 |
0.82 |
1.68 |
1.19 |
1.77 |
Net income/-loss
of other equity |
- |
- |
0.00 |
- |
- |
Income /-loss after income taxes |
1.57 |
0.82 |
1.68 |
1.19 |
1.77 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
1.57 |
0.82 |
1.68 |
1.19 |
1.77 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
1.57 |
0.82 |
1.68 |
1.19 |
1.77 |