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 |
46.21 |
45.30 |
43.71 |
42.88 |
42.31 |
Interest and Dividend Income, Securities |
3.66 |
3.71 |
3.79 |
1.98 |
3.28 |
Interest Income, Deposits with Financial Institutions |
0.83 |
0.82 |
0.58 |
0.39 |
0.20 |
Other Income |
2.03 |
1.84 |
1.85 |
3.51 |
1.48 |
Total Interest Income |
52.74 |
51.67 |
49.93 |
48.76 |
47.28 |
Interest Expense, Deposits |
13.61 |
10.48 |
7.82 |
5.68 |
2.12 |
Interest Expense, Borrowings |
8.59 |
9.20 |
6.39 |
2.91 |
2.30 |
Other Intrest Expenses |
0.84 |
0.83 |
0.82 |
0.84 |
0.84 |
Total Interest Expense |
23.04 |
20.51 |
15.03 |
9.42 |
5.27 |
Net Interest Income |
29.69 |
31.16 |
34.90 |
39.34 |
42.01 |
Provision
for loan losses |
0.19 |
0.03 |
0.86 |
1.23 |
2.70 |
Total Net Interest Income |
29.50 |
31.13 |
34.03 |
38.11 |
39.31 |
Fees and Commissions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
1.32 |
1.31 |
1.38 |
1.50 |
1.50 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.08 |
0.10 |
0.57 |
-1.61 |
0.08 |
Interest Income Federal Home Loan Bank Advances |
- |
0.73 |
- |
-0.28 |
0.28 |
Debt And Equity Securities Gain Loss |
- |
0.51 |
- |
0.43 |
-0.43 |
Debt Securities Available For Sale Gain Loss |
- |
-0.02 |
- |
- |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal |
- |
0.03 |
- |
- |
- |
Loss/ -Gain on Investment |
0.10 |
0.04 |
- |
0.18 |
0.27 |
Other Non-Interest Income |
-0.37 |
-0.04 |
0.45 |
1.35 |
1.62 |
Interest Expense Subordinated Debt |
0.84 |
0.83 |
0.82 |
0.84 |
0.84 |
Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal |
0.16 |
-0.66 |
0.11 |
0.83 |
-1.89 |
Total Noninterest Income |
2.12 |
2.82 |
3.33 |
3.22 |
2.29 |
Total Revenues |
31.63 |
33.95 |
37.36 |
41.33 |
41.59 |
Salaries & employee benefits, SGA |
0.41 |
0.57 |
0.85 |
18.02 |
0.42 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
3.42 |
3.24 |
3.37 |
-0.28 |
3.35 |
Professional Fees |
0.88 |
0.77 |
0.97 |
0.81 |
0.90 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.59 |
0.57 |
0.60 |
0.34 |
0.36 |
Other Noninterest Expense |
1.71 |
1.40 |
1.49 |
0.80 |
1.66 |
Other loss/ -income |
13.55 |
14.22 |
13.85 |
1.97 |
11.18 |
Total Operating
Expenses |
20.57 |
20.78 |
21.13 |
21.66 |
17.87 |
Total Costs & Expenses |
43.61 |
41.28 |
36.16 |
31.08 |
23.14 |
Income /-loss before income taxes |
11.06 |
13.17 |
16.24 |
19.68 |
23.72 |
Income taxes expenses/-benefit |
2.88 |
3.61 |
4.53 |
5.54 |
6.75 |
Income after income taxes |
8.18 |
9.56 |
11.71 |
14.14 |
16.98 |
Net income/-loss
of other equity |
0.00 |
0.00 |
- |
- |
- |
Income /-loss after income taxes |
8.18 |
9.56 |
11.71 |
14.14 |
16.98 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
8.18 |
9.56 |
11.71 |
14.14 |
16.98 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
8.18 |
9.56 |
11.71 |
14.14 |
16.98 |