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 |
23.33 |
22.02 |
20.70 |
19.16 |
17.81 |
Interest and Dividend Income, Securities |
-5.89 |
2.43 |
2.48 |
2.51 |
-4.78 |
Interest Income, Deposits with Financial Institutions |
0.25 |
0.05 |
0.05 |
0.05 |
0.10 |
Other Income |
8.39 |
- |
- |
- |
7.26 |
Total Interest Income |
26.09 |
24.51 |
23.24 |
21.71 |
20.39 |
Interest Expense, Domestic Deposits |
8.91 |
7.02 |
5.74 |
4.36 |
2.77 |
Interest Expense, Short-term Borrowings |
0.35 |
1.13 |
0.80 |
0.78 |
0.33 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
1.54 |
1.33 |
1.06 |
0.48 |
0.06 |
Total Interest Expense |
10.79 |
9.47 |
7.59 |
5.62 |
3.16 |
Net Interest Income |
15.29 |
15.04 |
15.64 |
16.09 |
17.23 |
Provision
for loan losses |
6.12 |
0.88 |
-1.75 |
0.30 |
0.30 |
Total Net Interest Income |
9.18 |
14.16 |
17.39 |
15.79 |
16.93 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
1.81 |
1.92 |
1.73 |
1.68 |
1.71 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.15 |
0.17 |
0.17 |
0.17 |
-0.48 |
Gain Loss On Disposition Of Other Financial Assets |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Foreclosed Real Estate |
0.07 |
0.01 |
- |
- |
- |
Gain On Sale Of Deposits |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
0.00 |
- |
-0.21 |
0.00 |
- |
Loss/ -Gain on Investment |
0.04 |
0.02 |
0.01 |
- |
0.00 |
Other Non-Interest Income |
-1.41 |
-0.08 |
-0.16 |
0.06 |
-0.82 |
Postage And Telephone Expense |
0.98 |
- |
- |
- |
0.96 |
Federal Deposit Insurance Corporation Premium Expense Income |
0.49 |
0.25 |
0.24 |
- |
0.61 |
Foreclosed Real Estate Expense Income |
- |
- |
- |
- |
-0.05 |
Total Noninterest Income |
2.12 |
2.31 |
1.78 |
1.91 |
1.93 |
Total Revenues |
11.30 |
16.46 |
19.18 |
17.71 |
18.86 |
Salaries & employee benefits, SGA |
23.64 |
0.17 |
0.16 |
0.16 |
11.04 |
Depriciation & Amortization |
0.02 |
0.02 |
0.02 |
0.02 |
0.02 |
Foreclosed Real Estate Expense |
0.02 |
0.01 |
0.07 |
0.03 |
0.06 |
Communications, Occupancy and Information Technology |
0.05 |
1.24 |
1.31 |
1.26 |
-1.30 |
Professional Fees |
0.54 |
0.52 |
0.32 |
0.29 |
0.38 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
-0.20 |
- |
- |
0.20 |
-0.47 |
Other Noninterest Expense |
0.48 |
2.10 |
2.13 |
1.74 |
0.58 |
Other loss/ -income |
-13.70 |
7.21 |
6.91 |
6.74 |
-0.04 |
Total Operating
Expenses |
10.85 |
11.28 |
10.94 |
10.44 |
10.28 |
Total Costs & Expenses |
21.64 |
20.75 |
18.53 |
16.05 |
13.44 |
Income /-loss before income taxes |
0.45 |
5.19 |
8.24 |
7.27 |
8.58 |
Income taxes expenses/-benefit |
0.10 |
1.07 |
1.73 |
1.49 |
1.44 |
Income after income taxes |
0.36 |
4.12 |
6.50 |
5.78 |
7.14 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
0.36 |
4.12 |
6.50 |
5.78 |
7.14 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
0.36 |
4.12 |
6.50 |
5.78 |
7.14 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
0.36 |
4.12 |
6.50 |
5.78 |
7.14 |