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 |
33.91 |
32.74 |
31.20 |
28.74 |
26.98 |
Interest and Dividend Income, Securities |
5.66 |
5.32 |
5.28 |
5.24 |
4.54 |
Other Income |
0.46 |
0.63 |
0.42 |
0.30 |
0.57 |
Total Interest Income |
40.03 |
38.69 |
36.90 |
34.28 |
32.10 |
Interest Expense, Deposits |
12.12 |
10.58 |
8.61 |
6.20 |
3.58 |
Interest Expense, Short-term Borrowings |
0.03 |
0.03 |
0.03 |
0.03 |
0.02 |
Interest Expense, Subordinated Notes and Debentures |
0.50 |
0.51 |
0.50 |
0.50 |
0.50 |
Other Intrest Expenses |
1.36 |
-0.31 |
-0.31 |
-0.30 |
0.51 |
Total Interest Expense |
14.01 |
12.47 |
10.53 |
7.98 |
4.61 |
Net Interest Income |
26.02 |
26.22 |
26.38 |
26.29 |
27.48 |
Provision
for loan losses |
0.42 |
0.14 |
0.40 |
0.73 |
0.59 |
Total Net Interest Income |
25.60 |
26.08 |
25.98 |
25.57 |
26.90 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
2.02 |
1.85 |
2.04 |
2.37 |
0.06 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.08 |
0.14 |
1.14 |
0.15 |
-1.09 |
Merchant Processing Fees |
- |
- |
- |
- |
- |
Merchant Processing Revenue |
- |
- |
- |
- |
- |
Non Interest Income Service Charges On Deposits |
0.98 |
1.02 |
0.98 |
0.96 |
0.97 |
Non Interest Income Fess And Commissions Other |
0.22 |
0.24 |
0.27 |
0.20 |
0.17 |
Debt And Equity Securities Gain Loss |
-0.04 |
0.00 |
0.00 |
-0.01 |
0.00 |
Gain Loss On Sale Of Portfolio Loans |
- |
- |
- |
- |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal |
0.42 |
0.14 |
0.40 |
0.73 |
- |
Fees And Commissions Mortgage Banking And Services Net |
0.14 |
-0.14 |
- |
- |
- |
Other Non-Interest Income |
2.67 |
2.68 |
2.33 |
1.69 |
6.12 |
Total Noninterest Income |
6.49 |
5.93 |
7.16 |
6.08 |
6.23 |
Total Revenues |
32.09 |
32.01 |
33.13 |
31.64 |
33.13 |
Salaries & employee benefits, SGA |
0.70 |
0.72 |
0.92 |
0.86 |
21.67 |
Restructuring, Accretion & impairment charges |
1.06 |
- |
- |
- |
3.16 |
Depriciation & Amortization |
0.24 |
0.23 |
0.24 |
0.25 |
0.26 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.09 |
1.09 |
1.05 |
1.11 |
3.49 |
Professional Fees and Commission |
0.70 |
0.97 |
0.50 |
0.73 |
0.38 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.46 |
0.48 |
0.52 |
0.50 |
0.32 |
Other Noninterest Expense |
2.02 |
0.95 |
1.52 |
1.61 |
2.00 |
Business Combination Acquisition And Restructuring Costs |
- |
- |
- |
- |
3.16 |
Other loss/ -income |
16.12 |
16.02 |
16.00 |
15.19 |
-13.70 |
Total Operating
Expenses |
22.39 |
20.45 |
20.75 |
20.26 |
21.24 |
Total Costs & Expenses |
36.40 |
32.92 |
31.28 |
28.24 |
25.85 |
Income /-loss before income taxes |
9.70 |
11.56 |
12.39 |
11.39 |
11.89 |
Income taxes expenses/-benefit |
2.06 |
2.54 |
2.55 |
2.23 |
2.26 |
Income after income taxes |
7.64 |
9.03 |
9.84 |
9.16 |
9.63 |
Net income/-loss
of other equity |
- |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
7.64 |
9.03 |
9.84 |
9.16 |
9.63 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
7.64 |
9.03 |
9.84 |
9.16 |
9.63 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
7.64 |
9.03 |
9.84 |
9.16 |
9.63 |