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 |
126.57 |
117.74 |
111.95 |
105.12 |
95.97 |
Interest and Dividend Income, Securities, Operating |
6.31 |
6.47 |
6.69 |
6.86 |
7.01 |
Interest Income, Deposits with Financial Institutions |
1.09 |
1.21 |
1.51 |
0.65 |
0.59 |
Other Income |
0.74 |
0.70 |
0.91 |
0.90 |
0.40 |
Total Interest Income |
134.70 |
126.11 |
121.07 |
113.53 |
103.96 |
Interest Expense, Deposits |
39.76 |
33.42 |
25.14 |
11.05 |
6.64 |
Interest Expense, Borrowings |
5.44 |
4.91 |
6.14 |
7.60 |
2.26 |
Total Interest Expense |
45.20 |
38.33 |
31.29 |
18.64 |
8.89 |
Net Interest Income |
89.50 |
87.78 |
89.78 |
94.89 |
95.07 |
Provision
for loan losses |
4.57 |
1.13 |
1.70 |
0.90 |
21.87 |
Total Net Interest Income |
84.93 |
86.65 |
88.08 |
93.99 |
73.20 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
10.46 |
12.98 |
13.41 |
10.07 |
25.66 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
3.59 |
3.95 |
-0.45 |
2.07 |
0.43 |
Recoveries Of Covered Loans Charged Off |
- |
- |
- |
- |
- |
Other Real Estate Owned Related Write Ups and Other Income |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Indemnification Asset Accretion |
- |
- |
- |
- |
- |
F D I C Loss Sharing Income |
- |
- |
- |
- |
- |
Real Estate Owned Valuation Allowance Valuation Increase |
- |
- |
- |
- |
0.01 |
Dividend Income Nonmarketable Securities Operating |
- |
- |
- |
- |
0.40 |
Loss/ -Gain on Investment |
2.02 |
4.69 |
3.71 |
3.22 |
-16.61 |
Other Non-Interest Income |
-1.51 |
-3.92 |
-4.11 |
-2.02 |
2.85 |
Atm Interchange And Credit Card Expenses |
1.51 |
1.67 |
1.27 |
1.33 |
1.41 |
Total Noninterest Income |
16.06 |
19.37 |
13.82 |
14.67 |
14.14 |
Total Revenues |
101.00 |
106.02 |
101.91 |
108.65 |
87.34 |
Salaries & employee benefits, SGA |
1.01 |
1.04 |
1.09 |
0.87 |
56.62 |
Depriciation & Amortization |
2.01 |
2.01 |
2.01 |
1.36 |
1.36 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
10.19 |
9.17 |
9.13 |
9.07 |
5.58 |
Professional Fees |
2.51 |
2.22 |
3.15 |
2.59 |
6.31 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
7.01 |
- |
- |
- |
2.12 |
Other Noninterest Expense |
5.98 |
4.25 |
4.60 |
4.15 |
5.07 |
Problem Loan Expense |
- |
- |
- |
- |
-0.27 |
Federal Deposit Insurance Corporation Premium Expense Benefit |
5.43 |
1.69 |
1.57 |
2.18 |
-1.48 |
Other loss/ -income |
38.83 |
40.24 |
39.44 |
38.07 |
-10.37 |
Total Operating
Expenses |
62.10 |
60.60 |
60.98 |
58.29 |
67.66 |
Total Costs & Expenses |
107.30 |
98.94 |
92.27 |
76.94 |
76.55 |
Income /-loss before income taxes |
38.90 |
45.41 |
40.93 |
50.36 |
19.67 |
Income taxes expenses/-benefit |
5.78 |
9.33 |
8.37 |
10.08 |
2.95 |
Income after income taxes |
33.12 |
36.09 |
32.56 |
40.28 |
16.72 |
Net income/-loss
of other equity |
0.00 |
- |
- |
- |
0.00 |
Income /-loss after income taxes |
33.12 |
36.09 |
32.56 |
40.28 |
16.72 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
33.12 |
36.09 |
32.56 |
40.28 |
16.72 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
33.12 |
36.09 |
32.56 |
40.28 |
16.72 |