INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) II. Quarter |
(Sep 30 2023) I. Quarter |
(Jun 30 2023) IV. Quarter |
(Mar 31 2023) III. Quarter |
(Dec 31 2022) II. Quarter |
Interest and Fee Income, Loans and Leases |
17.72 |
16.53 |
15.55 |
14.66 |
13.51 |
Interest and Dividend Income, Securities, Operating |
2.60 |
2.57 |
2.79 |
2.62 |
2.52 |
Interest Income, Deposits with Financial Institutions |
1.16 |
1.06 |
0.74 |
1.50 |
1.95 |
Total Interest Income |
21.49 |
20.16 |
19.08 |
18.78 |
17.98 |
Interest Expense, Deposits |
5.09 |
3.95 |
2.53 |
1.05 |
0.63 |
Other Intrest Expenses |
0.31 |
0.31 |
0.33 |
0.21 |
0.21 |
Total Interest Expense |
5.39 |
4.27 |
2.87 |
1.26 |
0.84 |
Net Interest Income |
16.09 |
15.89 |
16.22 |
17.52 |
17.14 |
Provision
for loan losses |
1.12 |
0.75 |
0.28 |
- |
-0.40 |
Total Net Interest Income |
14.97 |
15.14 |
15.94 |
17.52 |
17.54 |
Investment Banking Revenue |
1.50 |
1.45 |
1.50 |
1.40 |
1.47 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.01 |
0.12 |
0.49 |
0.20 |
0.02 |
Bank Owned Life Insurance Income Expense |
- |
-0.06 |
- |
- |
- |
Insurance Services Revenue |
- |
1.98 |
-3.90 |
1.72 |
2.19 |
Equity Securities Fv Ni Gain Loss |
- |
0.08 |
-0.21 |
-0.06 |
0.27 |
Provision For Credit Losses |
- |
- |
- |
- |
- |
Other Non-Interest Income |
3.03 |
-0.31 |
-0.80 |
-0.21 |
-0.21 |
Interest Expense Borrowings And Other |
0.31 |
0.31 |
-0.43 |
0.21 |
0.21 |
Total Noninterest Income |
4.84 |
3.57 |
3.15 |
3.25 |
3.95 |
Total Revenues |
19.81 |
18.71 |
19.08 |
20.77 |
21.48 |
Salaries & employee benefits, SGA |
0.21 |
0.14 |
0.21 |
0.18 |
0.29 |
Restructuring, Accretion & impairment charges |
5.95 |
- |
- |
- |
- |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.90 |
1.83 |
1.79 |
1.91 |
1.84 |
Professional Fees |
2.84 |
2.59 |
1.67 |
1.20 |
1.10 |
Policyholder Benefits and Claims Incurred, Net |
0.23 |
0.24 |
0.23 |
0.23 |
0.23 |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.27 |
0.26 |
0.29 |
0.24 |
0.15 |
Other Noninterest Expense |
1.57 |
1.23 |
1.34 |
1.13 |
1.60 |
Other loss/ -income |
2.82 |
8.11 |
7.85 |
8.21 |
8.30 |
Total Operating
Expenses |
15.80 |
14.41 |
13.36 |
13.10 |
13.51 |
Total Costs & Expenses |
21.19 |
18.67 |
16.23 |
14.36 |
14.35 |
Income /-loss before income taxes |
4.01 |
4.31 |
5.72 |
7.67 |
7.98 |
Income taxes expenses/-benefit |
0.82 |
0.89 |
1.21 |
1.64 |
1.79 |
Income after income taxes |
3.19 |
3.42 |
4.51 |
6.02 |
6.18 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
3.19 |
3.42 |
4.51 |
6.02 |
6.18 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
3.19 |
3.42 |
4.51 |
6.02 |
6.18 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
3.19 |
3.42 |
4.51 |
6.02 |
6.18 |