INCOME STATEMENT (Quarterly GAAP In millions $) |
(Mar 31 2023) II. Quarter |
(Dec 31 2022) I. Quarter |
(Sep 30 2022) IV. Quarter |
(Jun 30 2022) III. Quarter |
(Mar 31 2022) II. Quarter |
Interest and Fee Income, Loans and Leases |
9.35 |
9.15 |
8.32 |
7.65 |
7.63 |
Interest and Dividend Income, Securities |
0.81 |
0.82 |
0.52 |
0.81 |
0.66 |
Interest Income, Deposits with Financial Institutions |
0.20 |
0.27 |
0.13 |
0.10 |
0.02 |
Other Income |
0.15 |
0.11 |
0.34 |
- |
- |
Total Interest Income |
10.51 |
10.35 |
9.32 |
8.56 |
8.30 |
Interest Expense, Deposits |
2.64 |
1.83 |
0.85 |
0.81 |
0.83 |
Interest Expense, Short-term Borrowings |
0.04 |
0.01 |
-0.57 |
0.16 |
0.18 |
Other Intrest Expenses |
0.55 |
-0.18 |
1.13 |
-0.07 |
-0.07 |
Total Interest Expense |
3.94 |
2.60 |
1.41 |
1.26 |
1.35 |
Net Interest Income |
6.57 |
7.75 |
7.91 |
7.29 |
6.95 |
Provision
for loan losses |
- |
- |
- |
- |
- |
Total Net Interest Income |
6.57 |
7.75 |
7.91 |
7.29 |
6.95 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
0.26 |
0.18 |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
0.37 |
0.17 |
0.17 |
0.17 |
0.28 |
Dividends Stock |
- |
- |
- |
- |
- |
Other Real Estate Owned Income Net |
- |
0.08 |
- |
- |
- |
Loss/ -Gain on Investment |
0.05 |
0.05 |
-0.03 |
0.06 |
0.06 |
Other Non-Interest Income |
0.01 |
0.01 |
0.67 |
0.00 |
0.22 |
Other Real Estate Income Expense |
- |
- |
-0.24 |
0.24 |
- |
Total Noninterest Income |
0.68 |
0.49 |
0.56 |
0.48 |
0.56 |
Total Revenues |
7.26 |
8.24 |
8.47 |
7.78 |
7.52 |
Salaries & employee benefits, SGA |
2.76 |
2.71 |
2.90 |
2.38 |
2.38 |
Restructuring, Accretion & impairment charges |
0.55 |
- |
- |
- |
- |
Foreclosed Real Estate Expense |
0.07 |
- |
0.31 |
- |
- |
Communications, Occupancy and Information Technology |
0.56 |
0.54 |
-0.45 |
0.85 |
0.91 |
Professional Fees |
0.89 |
0.76 |
0.86 |
1.05 |
0.87 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.12 |
0.06 |
0.28 |
- |
- |
Other Noninterest Expense |
0.68 |
0.87 |
0.91 |
0.72 |
2.45 |
Other loss/ -income |
0.82 |
0.82 |
0.46 |
0.44 |
0.24 |
Total Operating
Expenses |
6.46 |
5.76 |
5.25 |
5.44 |
6.85 |
Total Costs & Expenses |
10.39 |
8.36 |
6.66 |
6.70 |
8.20 |
Income /-loss before income taxes |
0.80 |
2.48 |
3.21 |
2.34 |
0.67 |
Income taxes expenses/-benefit |
0.23 |
0.57 |
0.63 |
0.50 |
0.15 |
Income after income taxes |
0.57 |
1.91 |
2.58 |
1.83 |
0.52 |
Net income/-loss
of other equity |
0.00 |
- |
0.00 |
0.00 |
- |
Income /-loss after income taxes |
0.57 |
1.91 |
2.58 |
1.83 |
0.52 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
0.57 |
1.91 |
2.58 |
1.83 |
0.52 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
0.57 |
1.91 |
2.58 |
1.83 |
0.52 |