INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) IV. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Sep 30 2022) III. Quarter |
(Jun 30 2021) II. Quarter |
Interest and Fee Income, Loans and Leases |
0.04 |
0.02 |
0.01 |
0.02 |
20.85 |
Interest and Dividend Income, Securities |
9.48 |
11.27 |
12.07 |
10.45 |
3.20 |
Interest Income, Deposits with Financial Institutions |
0.61 |
0.64 |
0.59 |
0.66 |
0.14 |
Other Income |
79.79 |
61.96 |
57.49 |
46.88 |
- |
Total Interest Income |
89.92 |
73.89 |
70.16 |
58.01 |
24.19 |
Interest Expense, Deposits |
4.48 |
1.16 |
0.66 |
0.34 |
0.63 |
Interest Expense, Short-term Borrowings |
0.07 |
0.01 |
0.01 |
0.01 |
0.02 |
Interest Expense, Long-term Debt and Capital Securities |
0.55 |
0.55 |
0.55 |
0.55 |
0.80 |
Other Intrest Expenses |
16.13 |
8.60 |
4.85 |
1.55 |
0.79 |
Total Interest Expense |
21.22 |
10.31 |
6.07 |
2.44 |
2.24 |
Net Interest Income |
68.70 |
63.58 |
64.09 |
55.57 |
21.95 |
Provision
for loan losses |
6.50 |
2.00 |
3.50 |
4.50 |
-3.50 |
Total Net Interest Income |
62.20 |
61.58 |
60.59 |
51.07 |
25.45 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
2.80 |
2.46 |
2.27 |
2.28 |
1.22 |
Other Real Estate Revenue |
- |
- |
- |
- |
- |
Other Noninterest Income |
-0.23 |
0.77 |
1.49 |
2.17 |
-0.46 |
Debt And Equity Securities Gain Loss |
3.22 |
-1.55 |
-1.68 |
0.00 |
0.00 |
Death Benefit Realized On Bank Owned Life Insurance |
- |
- |
- |
- |
- |
Card Intercharge Income Debit |
- |
- |
- |
- |
- |
Card Interchange Income Debit |
-4.93 |
2.69 |
2.24 |
2.65 |
1.67 |
Provision Release For Loan And Lease Losses |
- |
- |
- |
- |
- |
Life Insurance Corporate Or Bank Owned Change In Value |
-0.66 |
0.42 |
0.24 |
0.15 |
- |
Loss/ -Gain on Investment |
0.32 |
0.40 |
0.31 |
0.45 |
1.90 |
Other Non-Interest Income |
2.13 |
0.83 |
0.81 |
2.31 |
2.61 |
Interest Expense Senor Notes |
-2.41 |
1.41 |
0.99 |
0.73 |
0.67 |
Interest Expense Notes Payable And Other Borrowings |
-0.09 |
- |
0.09 |
0.11 |
0.12 |
Federal Deposit Insurance Corporation Premium Expense Including Adjustments |
-1.38 |
0.79 |
0.58 |
0.66 |
0.19 |
Total Noninterest Income |
7.11 |
8.22 |
7.35 |
11.50 |
7.92 |
Total Revenues |
69.31 |
69.80 |
67.94 |
62.57 |
33.37 |
Salaries & employee benefits, SGA |
23.85 |
22.10 |
22.55 |
21.27 |
13.27 |
Unusual Expense /-Income |
0.11 |
0.28 |
0.32 |
0.21 |
0.14 |
Depriciation & Amortization |
0.56 |
0.62 |
0.62 |
0.66 |
0.12 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications and Information Technology |
1.67 |
1.29 |
1.77 |
2.54 |
1.30 |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
2.71 |
- |
- |
- |
- |
Other Noninterest Expense |
5.00 |
3.84 |
3.64 |
4.37 |
3.38 |
Debit Card Interchange Expense |
-2.44 |
1.22 |
1.22 |
1.45 |
0.63 |
Other Real Estate Owned Expense |
-0.21 |
-0.10 |
0.31 |
0.02 |
0.08 |
Consulting And Management Fee Expense |
-1.31 |
0.52 |
0.79 |
0.61 |
- |
Other loss/ -income |
8.51 |
5.05 |
4.70 |
4.86 |
2.50 |
Total Operating
Expenses |
38.46 |
34.83 |
35.92 |
35.99 |
21.40 |
Total Costs & Expenses |
59.68 |
45.14 |
42.00 |
38.43 |
23.64 |
Income /-loss before income taxes |
30.85 |
34.97 |
32.01 |
26.58 |
11.97 |
Income taxes expenses/-benefit |
7.81 |
9.41 |
8.41 |
7.05 |
3.15 |
Income after income taxes |
23.04 |
25.56 |
23.61 |
19.52 |
8.82 |
Net income/-loss
of other equity |
- |
0.00 |
- |
0.00 |
- |
Income /-loss after income taxes |
23.04 |
25.56 |
23.61 |
19.52 |
8.82 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Redeemable Preferred Stock Dividends Waived Upon Temporary Equity Redemption |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
23.04 |
25.56 |
23.61 |
19.52 |
8.82 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
23.04 |
25.56 |
23.61 |
19.52 |
8.82 |