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 |
10.13 |
9.82 |
9.64 |
9.33 |
9.01 |
Interest and Dividend Income, Securities |
0.34 |
0.34 |
0.35 |
0.37 |
-4.99 |
Interest Income, Deposits with Financial Institutions |
0.78 |
0.44 |
0.54 |
0.23 |
0.60 |
Other Income |
4.27 |
4.08 |
4.07 |
4.12 |
9.36 |
Total Interest Income |
15.51 |
14.68 |
14.60 |
14.04 |
13.98 |
Interest Expense, Deposits |
2.12 |
1.45 |
1.05 |
0.36 |
1.03 |
Interest Expense, Borrowings |
- |
0.00 |
0.01 |
0.29 |
- |
Other Intrest Expenses |
4.91 |
4.58 |
4.31 |
2.45 |
- |
Total Interest Expense |
7.03 |
6.04 |
5.38 |
3.10 |
1.03 |
Net Interest Income |
8.48 |
8.64 |
9.22 |
10.95 |
12.95 |
Provision
for loan losses |
-0.87 |
-0.40 |
0.01 |
0.00 |
0.01 |
Total Net Interest Income |
9.35 |
9.04 |
9.21 |
10.94 |
12.94 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
1.70 |
1.84 |
1.69 |
1.84 |
1.72 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.19 |
0.15 |
0.25 |
0.38 |
-0.30 |
Debt Securities Available For Sale Realized Gain Loss |
3.34 |
- |
-3.34 |
- |
- |
Interest And Dividend Income Securities Taxable |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
-3.33 |
- |
- |
- |
- |
Debt And Equity Securities Realized Gain Loss |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
0.23 |
- |
- |
- |
3.82 |
Loss/ -Gain on Investment |
0.01 |
0.02 |
0.06 |
0.02 |
0.02 |
Other Non-Interest Income |
0.10 |
0.11 |
4.14 |
-0.03 |
0.59 |
Total Noninterest Income |
2.25 |
2.12 |
2.79 |
2.20 |
5.86 |
Total Revenues |
11.61 |
11.16 |
12.00 |
13.14 |
18.80 |
Salaries & employee benefits, SGA |
7.82 |
0.34 |
4.47 |
4.43 |
4.39 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.51 |
0.55 |
0.41 |
0.54 |
-1.08 |
Professional Fees |
0.18 |
0.25 |
0.55 |
0.75 |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.19 |
0.19 |
0.25 |
0.12 |
0.14 |
Other Noninterest Expense |
0.54 |
0.68 |
0.64 |
0.56 |
0.82 |
Net Costs Of Other Real Estate Owned |
0.00 |
0.01 |
0.00 |
0.01 |
0.25 |
Tax Other |
-0.73 |
- |
0.36 |
0.38 |
0.38 |
Other loss/ -income |
-1.96 |
5.44 |
0.88 |
0.87 |
2.41 |
Total Operating
Expenses |
6.54 |
7.47 |
7.56 |
7.66 |
7.30 |
Total Costs & Expenses |
13.58 |
13.50 |
12.94 |
10.76 |
8.33 |
Income /-loss before income taxes |
5.06 |
3.69 |
4.44 |
5.48 |
11.50 |
Income taxes expenses/-benefit |
0.88 |
0.62 |
0.54 |
0.95 |
2.19 |
Income after income taxes |
4.19 |
3.07 |
3.90 |
4.53 |
9.31 |
Net income/-loss
of other equity |
0.00 |
- |
- |
0.00 |
0.00 |
Income /-loss after income taxes |
4.19 |
3.07 |
3.90 |
4.53 |
9.31 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
4.19 |
3.07 |
3.90 |
4.53 |
9.31 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
4.19 |
3.07 |
3.90 |
4.53 |
9.31 |