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 |
33.73 |
33.10 |
32.14 |
30.05 |
27.52 |
Interest and Dividend Income, Securities |
4.23 |
0.38 |
2.31 |
2.58 |
4.67 |
Interest Income, Federal Funds Sold |
2.46 |
1.87 |
0.80 |
0.24 |
0.14 |
Interest Income, Deposits with Financial Institutions |
0.15 |
0.09 |
0.09 |
0.01 |
0.04 |
Other Income |
-0.50 |
3.33 |
1.41 |
1.39 |
-0.73 |
Total Interest Income |
40.07 |
38.77 |
36.74 |
34.28 |
31.64 |
Interest Expense, Deposits |
18.69 |
16.48 |
13.71 |
9.68 |
6.25 |
Interest Expense, Short-term Borrowings |
0.33 |
0.29 |
0.21 |
1.09 |
0.52 |
Interest Expense, Long-term Debt and Capital Securities |
0.44 |
0.44 |
0.44 |
0.44 |
0.39 |
Other Intrest Expenses |
0.27 |
0.27 |
0.27 |
0.03 |
0.06 |
Total Interest Expense |
19.74 |
17.49 |
14.64 |
11.23 |
7.23 |
Net Interest Income |
20.34 |
21.28 |
22.10 |
23.04 |
24.41 |
Provision
for loan losses |
1.67 |
-0.17 |
-2.20 |
1.26 |
-2.15 |
Total Net Interest Income |
18.67 |
21.44 |
24.30 |
21.78 |
26.56 |
Fees and Commissions, Mortgage Banking and Servicing |
0.10 |
0.09 |
0.11 |
0.10 |
0.10 |
Revenue From Contract With Customer Excluding Assessed Tax |
1.88 |
1.90 |
1.98 |
1.97 |
1.91 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
0.28 |
0.27 |
0.26 |
0.26 |
0.29 |
Total Interest Expense |
- |
- |
- |
- |
- |
Equity Securities Fv Ni Gain Loss |
- |
- |
- |
- |
- |
Interest And Fee Income Loans Taxable |
- |
- |
- |
- |
- |
Interest And Fee Income Loans Tax Exempt |
- |
- |
- |
- |
- |
Asset Management Fees |
- |
- |
- |
- |
- |
Service Charges Fees And Commissions |
- |
- |
- |
- |
- |
Merchant Services Income |
- |
- |
- |
- |
- |
Commission And Fees On Fiduciary Activities |
- |
- |
- |
- |
- |
Wealth Management Income |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Merchant Services Business |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
-0.12 |
0.27 |
0.02 |
0.22 |
-0.12 |
Other Non-Interest Income |
0.72 |
0.78 |
0.71 |
0.73 |
-0.11 |
Donations Noninterest Expense |
0.37 |
0.39 |
0.47 |
0.40 |
0.34 |
Total Noninterest Income |
3.22 |
3.69 |
3.55 |
3.67 |
1.23 |
Total Revenues |
21.88 |
25.14 |
27.85 |
25.45 |
27.79 |
Salaries & employee benefits, SGA |
8.94 |
8.78 |
8.48 |
9.08 |
9.19 |
Restructuring, Accretion & impairment charges |
-0.95 |
-0.87 |
- |
- |
- |
Depriciation & Amortization |
0.02 |
0.03 |
0.03 |
0.03 |
0.07 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
21.23 |
-4.30 |
4.28 |
4.10 |
28.25 |
Professional Fees |
3.37 |
-0.69 |
0.63 |
0.62 |
4.62 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
2.68 |
-0.51 |
0.56 |
0.50 |
2.27 |
Other Noninterest Expense |
9.35 |
-1.51 |
2.18 |
1.76 |
12.77 |
Other Real Estate Gains Losses On Sales |
- |
0.02 |
- |
- |
-0.48 |
Other loss/ -income |
2.09 |
-0.39 |
0.47 |
0.40 |
2.40 |
Total Operating
Expenses |
45.79 |
-0.30 |
16.61 |
16.49 |
59.09 |
Total Costs & Expenses |
-11.92 |
17.19 |
31.25 |
27.72 |
-33.33 |
Income /-loss before income taxes |
4.22 |
8.08 |
11.24 |
8.97 |
10.83 |
Income taxes expenses/-benefit |
0.59 |
1.34 |
1.81 |
1.39 |
1.69 |
Income after income taxes |
3.63 |
6.75 |
9.43 |
7.58 |
9.14 |
Net income/-loss
of other equity |
- |
0.00 |
0.00 |
- |
- |
Income /-loss after income taxes |
3.63 |
6.75 |
9.43 |
7.58 |
9.14 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
3.63 |
6.75 |
9.43 |
7.58 |
9.14 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
3.63 |
6.75 |
9.43 |
7.58 |
9.14 |