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 |
58.79 |
52.09 |
45.87 |
42.49 |
38.48 |
Interest and Dividend Income, Securities |
4.11 |
3.96 |
3.87 |
-7.78 |
3.77 |
Interest Income, Federal Funds Sold |
0.05 |
0.05 |
0.05 |
0.04 |
0.74 |
Interest Income and Fees, Bankers Acceptances, Certificates of Deposit and Commercial Paper |
0.09 |
0.08 |
0.05 |
0.04 |
0.01 |
Other Interest and Dividend Income |
- |
- |
- |
-1.43 |
0.51 |
Other Income |
0.38 |
0.39 |
0.39 |
13.38 |
-0.51 |
Total Interest Income |
63.42 |
56.58 |
50.23 |
46.74 |
43.01 |
Interest Expense, Domestic Deposits |
23.56 |
17.93 |
12.00 |
7.00 |
2.84 |
Interest Expense, Short-term Borrowings |
1.58 |
1.51 |
1.49 |
0.44 |
- |
Other Intrest Expenses |
0.15 |
0.17 |
0.19 |
0.73 |
0.24 |
Total Interest Expense |
25.94 |
20.14 |
14.18 |
8.17 |
3.60 |
Net Interest Income |
37.48 |
36.44 |
36.05 |
38.58 |
39.41 |
Provision
for loan losses |
1.43 |
1.16 |
0.49 |
0.53 |
1.55 |
Total Net Interest Income |
36.05 |
35.29 |
35.56 |
38.05 |
37.86 |
Fees and Commissions, Mortgage Banking and Servicing |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
1.30 |
1.20 |
1.24 |
1.09 |
1.73 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
1.74 |
1.67 |
0.94 |
1.98 |
1.52 |
Income Tax Reconciliation Nondeductible Expense Charitable Contributions |
- |
- |
- |
0.84 |
- |
Gain On Life Insurance Proceeds |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Investments |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Investments |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.09 |
0.13 |
- |
- |
0.15 |
Other Non-Interest Income |
1.45 |
1.64 |
1.46 |
2.13 |
1.86 |
Interest On Long Term And Subordinated Debt |
0.79 |
0.70 |
0.69 |
0.73 |
0.76 |
Gain Loss On Sale Or Write Down Of Foreclosed Assets |
-0.02 |
-0.13 |
- |
-0.05 |
-0.06 |
Total Noninterest Income |
5.35 |
5.22 |
4.33 |
6.71 |
5.96 |
Total Revenues |
41.40 |
40.51 |
39.88 |
44.77 |
43.82 |
Salaries & employee benefits, SGA |
15.26 |
15.03 |
13.84 |
13.43 |
13.58 |
Restructuring, Accretion & impairment charges |
0.35 |
4.99 |
0.22 |
0.29 |
- |
Depriciation & Amortization |
0.48 |
0.46 |
0.34 |
0.50 |
0.51 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.76 |
1.75 |
1.89 |
-2.12 |
1.63 |
Professional Fees |
0.89 |
0.60 |
0.80 |
0.90 |
0.53 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
4.59 |
4.59 |
4.04 |
0.96 |
3.90 |
Federal Deposit Insurance Corporation Assessment Expense Benefit |
1.75 |
0.68 |
0.34 |
0.24 |
0.25 |
Post Acquisition Restructuring Expenses |
- |
2.95 |
- |
- |
- |
Shares Tax Expense |
0.81 |
0.75 |
0.90 |
1.87 |
0.92 |
Other loss/ -income |
4.00 |
3.72 |
3.69 |
9.39 |
3.39 |
Total Operating
Expenses |
29.89 |
35.53 |
26.07 |
25.47 |
24.72 |
Total Costs & Expenses |
55.83 |
55.66 |
40.25 |
33.63 |
28.31 |
Income /-loss before income taxes |
11.51 |
4.98 |
13.81 |
19.30 |
19.11 |
Income taxes expenses/-benefit |
2.27 |
0.14 |
2.59 |
3.58 |
3.63 |
Income after income taxes |
9.24 |
4.84 |
11.23 |
15.72 |
15.48 |
Net income/-loss
of other equity |
- |
0.00 |
- |
0.00 |
- |
Income /-loss after income taxes |
9.24 |
4.84 |
11.23 |
15.72 |
15.48 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
9.24 |
4.84 |
11.23 |
15.72 |
15.48 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
9.24 |
4.84 |
11.23 |
15.72 |
15.48 |