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 |
8.00 |
7.25 |
6.59 |
5.93 |
5.00 |
Interest and Dividend Income, Securities, Operating |
0.17 |
0.17 |
0.18 |
0.17 |
0.15 |
Other Interest and Dividend Income |
0.74 |
0.76 |
0.75 |
0.80 |
0.34 |
Total Interest Income |
8.90 |
8.18 |
7.52 |
6.90 |
5.49 |
Interest Expense, Deposits |
2.84 |
2.56 |
2.43 |
2.09 |
0.80 |
Interest Expense, Borrowings |
0.15 |
0.03 |
0.03 |
0.26 |
0.39 |
Total Interest Expense |
2.99 |
2.59 |
2.46 |
2.35 |
1.19 |
Net Interest Income |
5.91 |
5.59 |
5.06 |
4.55 |
4.31 |
Provision
for loan losses |
1.45 |
0.70 |
0.82 |
0.71 |
1.37 |
Total Net Interest Income |
4.47 |
4.89 |
4.24 |
3.84 |
2.93 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.03 |
0.01 |
0.01 |
0.21 |
0.06 |
Loan Costs Recovery |
- |
- |
- |
- |
- |
Service Charges And Fees |
0.88 |
0.76 |
0.72 |
- |
- |
Other Non-Interest Income |
-0.09 |
-0.22 |
-0.21 |
0.54 |
0.59 |
Regulatory Assessment |
0.09 |
0.22 |
0.21 |
0.11 |
0.05 |
Total Noninterest Income |
0.91 |
0.77 |
0.73 |
0.85 |
0.69 |
Total Revenues |
5.38 |
5.66 |
4.97 |
4.70 |
3.62 |
Salaries & employee benefits, SGA |
2.14 |
2.04 |
1.97 |
1.34 |
1.42 |
Unusual Expense /-Income |
- |
0.38 |
- |
- |
- |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.20 |
0.19 |
0.19 |
-0.37 |
0.19 |
Professional Fees |
0.16 |
0.17 |
0.20 |
0.13 |
0.13 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies Expense |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
0.60 |
0.52 |
0.50 |
0.44 |
0.59 |
Other loss/ -income |
0.54 |
0.61 |
0.58 |
1.08 |
0.39 |
Total Operating
Expenses |
3.65 |
3.90 |
3.42 |
2.62 |
2.72 |
Total Costs & Expenses |
6.64 |
6.49 |
5.88 |
4.97 |
3.91 |
Income /-loss before income taxes |
1.73 |
1.76 |
1.55 |
2.08 |
0.90 |
Income taxes expenses/-benefit |
0.46 |
0.45 |
0.39 |
0.53 |
0.23 |
Income after income taxes |
1.27 |
1.31 |
1.15 |
1.55 |
0.67 |
Net income/-loss
of other equity |
- |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
1.27 |
1.31 |
1.15 |
1.55 |
0.67 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
1.27 |
1.31 |
1.15 |
1.55 |
0.67 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
1.27 |
1.31 |
1.15 |
1.55 |
0.67 |