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 |
14.95 |
14.30 |
13.29 |
12.28 |
11.47 |
Interest and Dividend Income, Securities |
0.91 |
0.96 |
0.98 |
1.00 |
0.82 |
Other Interest and Dividend Income |
0.00 |
0.00 |
0.00 |
0.00 |
-0.28 |
Other Income |
1.26 |
0.67 |
0.75 |
0.52 |
1.20 |
Total Interest Income |
17.12 |
15.93 |
15.02 |
13.79 |
13.21 |
Interest Expense, Deposits |
5.19 |
4.06 |
3.09 |
1.83 |
0.60 |
Interest Expense, Long-term Debt and Capital Securities |
0.16 |
0.16 |
0.14 |
0.14 |
-0.10 |
Other Intrest Expenses |
0.46 |
0.34 |
0.17 |
0.10 |
0.31 |
Total Interest Expense |
5.81 |
4.56 |
3.40 |
2.07 |
0.82 |
Net Interest Income |
11.32 |
11.38 |
11.61 |
11.72 |
12.39 |
Provision
for loan losses |
0.69 |
0.89 |
0.02 |
0.49 |
0.66 |
Total Net Interest Income |
10.63 |
10.49 |
11.59 |
11.23 |
11.73 |
Fees and Commissions, Mortgage Banking and Servicing |
0.04 |
0.04 |
0.04 |
0.05 |
0.06 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
1.35 |
0.23 |
0.34 |
0.47 |
0.50 |
Gain On Branch Divestitures |
- |
- |
- |
- |
- |
Income From Bank Owned Life Insurance And Annuity Assets |
- |
0.22 |
0.21 |
0.21 |
-0.67 |
Service Charges On Deposit Accounts |
- |
0.71 |
0.65 |
0.61 |
-1.82 |
Trust Fees |
- |
0.08 |
0.08 |
0.09 |
-0.25 |
Electronic Refund Check Deposit Fees |
- |
- |
0.14 |
0.54 |
- |
Fees And Commissions Credit Cards Debit Cards |
- |
1.29 |
1.22 |
1.17 |
- |
Loss/ -Gain on Investment |
- |
- |
- |
- |
-0.01 |
Other Non-Interest Income |
1.33 |
-0.62 |
-0.59 |
-0.56 |
4.33 |
Software Expense |
0.88 |
0.62 |
0.59 |
0.56 |
0.58 |
Tax Preparation Fees |
0.00 |
0.00 |
0.03 |
0.63 |
0.00 |
Debt Securities Available For Sale Realized Gain Loss |
-0.02 |
- |
- |
- |
-1.54 |
Total Noninterest Income |
3.58 |
2.57 |
2.71 |
3.77 |
1.19 |
Total Revenues |
14.21 |
13.06 |
14.30 |
15.00 |
12.92 |
Salaries & employee benefits, SGA |
0.29 |
0.24 |
0.24 |
0.24 |
10.54 |
Depriciation & Amortization |
0.00 |
0.01 |
0.01 |
0.01 |
0.01 |
Foreclosed Real Estate Expense |
0.00 |
0.01 |
0.01 |
0.00 |
0.02 |
Communications, Occupancy and Information Technology |
0.46 |
0.49 |
0.49 |
0.46 |
-0.87 |
Professional Fees |
0.36 |
0.43 |
0.43 |
0.43 |
0.20 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.15 |
0.14 |
0.14 |
0.14 |
0.09 |
Other Noninterest Expense |
1.44 |
1.45 |
1.62 |
1.53 |
1.34 |
Other loss/ -income |
7.60 |
7.62 |
7.49 |
7.46 |
-2.46 |
Total Operating
Expenses |
10.30 |
10.38 |
10.42 |
10.27 |
8.88 |
Total Costs & Expenses |
16.11 |
14.94 |
13.82 |
12.34 |
9.70 |
Income /-loss before income taxes |
3.91 |
2.68 |
3.89 |
4.73 |
4.04 |
Income taxes expenses/-benefit |
0.68 |
0.43 |
0.64 |
0.82 |
0.52 |
Income after income taxes |
3.22 |
2.25 |
3.25 |
3.91 |
3.52 |
Net income/-loss
of other equity |
- |
- |
0.00 |
- |
- |
Income /-loss after income taxes |
3.22 |
2.25 |
3.25 |
3.91 |
3.52 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
3.22 |
2.25 |
3.25 |
3.91 |
3.52 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
3.22 |
2.25 |
3.25 |
3.91 |
3.52 |