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 |
137.11 |
133.93 |
129.10 |
121.72 |
117.05 |
Interest and Dividend Income, Securities |
15.44 |
15.22 |
14.32 |
14.29 |
8.73 |
Other Income |
7.88 |
9.26 |
6.67 |
3.03 |
4.50 |
Total Interest Income |
160.43 |
158.41 |
150.10 |
139.03 |
130.28 |
Interest Expense, Deposits |
59.47 |
53.29 |
37.93 |
21.33 |
13.43 |
Interest Expense, Borrowings |
13.14 |
14.13 |
20.05 |
18.90 |
10.36 |
Total Interest Expense |
72.61 |
67.41 |
57.99 |
40.23 |
23.79 |
Net Interest Income |
87.82 |
91.00 |
92.11 |
98.80 |
106.49 |
Provision
for loan losses |
3.15 |
10.28 |
1.23 |
3.01 |
3.65 |
Total Net Interest Income |
84.67 |
80.71 |
90.88 |
95.79 |
102.84 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
0.61 |
0.66 |
0.65 |
0.61 |
0.55 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
0.46 |
0.50 |
0.48 |
-0.23 |
-3.15 |
Debt Securities Available For Sale Gain Loss |
-3.73 |
- |
- |
- |
17.19 |
Credit And Debit Card Revenue |
1.53 |
1.51 |
1.54 |
1.33 |
1.44 |
Credit Loss Expense Reversal |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
6.25 |
1.52 |
-0.56 |
-6.78 |
-5.07 |
Other Non-Interest Income |
6.74 |
6.58 |
6.82 |
7.14 |
16.59 |
Total Noninterest Income |
11.86 |
10.76 |
8.93 |
2.07 |
27.55 |
Total Revenues |
96.53 |
91.48 |
99.81 |
97.86 |
130.39 |
Salaries & employee benefits, SGA |
1.11 |
1.18 |
0.96 |
0.98 |
63.14 |
Restructuring, Accretion & impairment charges |
- |
- |
- |
0.02 |
0.28 |
Depriciation & Amortization |
0.98 |
0.99 |
0.99 |
1.03 |
1.16 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
5.22 |
5.47 |
5.27 |
5.24 |
-6.88 |
Professional Fees |
2.86 |
5.26 |
5.08 |
5.10 |
4.70 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
4.39 |
2.56 |
2.47 |
1.75 |
1.92 |
Other Noninterest Expense |
- |
- |
- |
- |
- |
Check Card Processing |
0.99 |
1.15 |
1.21 |
1.28 |
1.24 |
Branch Consolidation Expense |
0.07 |
- |
- |
- |
-0.24 |
Branch Consolidation Expense Benefit |
-0.07 |
- |
- |
0.07 |
0.35 |
Other loss/ -income |
44.65 |
47.88 |
46.95 |
45.84 |
-8.82 |
Total Operating
Expenses |
60.19 |
64.48 |
62.93 |
61.31 |
59.73 |
Total Costs & Expenses |
132.80 |
131.90 |
120.92 |
101.54 |
83.52 |
Income /-loss before income taxes |
36.34 |
26.99 |
36.88 |
36.55 |
70.66 |
Income taxes expenses/-benefit |
8.59 |
6.46 |
9.00 |
8.65 |
17.35 |
Income after income taxes |
27.75 |
20.53 |
27.88 |
27.90 |
53.31 |
Net income/-loss
of other equity |
0.00 |
- |
0.00 |
0.00 |
- |
Income /-loss after income taxes |
27.75 |
20.53 |
27.88 |
27.90 |
53.31 |
Stockholders Equity Attributable to Noncontrolling Interest |
0.07 |
-0.14 |
0.09 |
0.02 |
0.04 |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
27.75 |
20.53 |
27.88 |
27.90 |
53.31 |
Noncontrolling interests |
0.07 |
-0.14 |
0.09 |
0.02 |
0.04 |
Prefered dividends |
1.00 |
1.00 |
1.00 |
1.00 |
1.00 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
26.68 |
19.66 |
26.79 |
26.88 |
52.27 |