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 |
5.02 |
4.75 |
4.43 |
4.24 |
-41.08 |
Interest and Dividend Income, Securities |
121.15 |
116.43 |
110.73 |
107.42 |
96.71 |
Other Income |
38.00 |
37.03 |
34.73 |
31.90 |
81.55 |
Total Interest Income |
164.17 |
158.20 |
149.90 |
143.56 |
137.18 |
Interest Expense, Deposits |
50.58 |
44.92 |
36.45 |
27.51 |
18.38 |
Interest Expense, Subordinated Notes and Debentures |
0.28 |
0.27 |
0.26 |
0.25 |
0.21 |
Interest Expense, Debt |
39.09 |
16.77 |
- |
- |
- |
Other Intrest Expenses |
-21.56 |
- |
14.09 |
7.48 |
4.52 |
Total Interest Expense |
68.38 |
61.96 |
50.79 |
35.23 |
23.11 |
Net Interest Income |
95.79 |
96.24 |
99.11 |
108.32 |
114.06 |
Provision
for loan losses |
0.50 |
11.01 |
10.40 |
6.00 |
3.38 |
Total Net Interest Income |
95.29 |
85.23 |
88.71 |
102.32 |
110.68 |
Insurance Agency Management Fee |
2.76 |
3.22 |
3.85 |
4.10 |
2.31 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
1.64 |
1.82 |
1.53 |
1.48 |
2.01 |
Noninterest Income Other Operating Income Expense |
- |
- |
- |
- |
- |
Interest Income Federal Funds Sold And Other Short Term Investments |
- |
- |
- |
- |
- |
Wealth Management Income |
- |
- |
- |
- |
- |
Interest Income Debt Securities Available For Sale Operating |
- |
- |
- |
- |
- |
Noninterest Income Fees |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal And Provision For Other Credit Losses |
- |
- |
- |
- |
- |
Other Non-Interest Income |
36.13 |
14.28 |
-0.08 |
9.09 |
9.43 |
Interest Expense Borrowed Funds |
-21.56 |
- |
14.09 |
7.48 |
4.52 |
Total Noninterest Income |
18.97 |
19.32 |
19.39 |
22.15 |
18.26 |
Total Revenues |
114.26 |
104.55 |
108.10 |
124.48 |
128.94 |
Salaries & employee benefits, SGA |
1.08 |
1.13 |
1.38 |
1.23 |
73.01 |
Restructuring, Accretion & impairment charges |
-0.33 |
2.29 |
-1.96 |
- |
- |
Depriciation & Amortization |
0.72 |
0.72 |
0.75 |
0.76 |
0.78 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
23.70 |
8.11 |
-7.95 |
8.41 |
14.23 |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
7.14 |
1.63 |
-2.13 |
1.94 |
4.04 |
Other Noninterest Expense |
34.46 |
10.73 |
-9.95 |
12.16 |
36.03 |
Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal |
-2.65 |
1.53 |
0.65 |
0.74 |
1.55 |
Noncash Merger Related Costs |
7.83 |
- |
- |
- |
- |
Other loss/ -income |
129.19 |
41.01 |
-41.00 |
44.25 |
212.63 |
Total Operating
Expenses |
201.13 |
67.16 |
-62.17 |
69.49 |
342.28 |
Total Costs & Expenses |
269.51 |
129.12 |
-11.38 |
104.72 |
-317.60 |
Income /-loss before income taxes |
39.77 |
37.39 |
43.63 |
54.99 |
67.27 |
Income taxes expenses/-benefit |
12.45 |
8.84 |
11.63 |
14.45 |
18.23 |
Income after income taxes |
27.31 |
28.55 |
32.00 |
40.54 |
49.04 |
Net income/-loss
of other equity |
0.00 |
- |
- |
- |
0.00 |
Income /-loss after income taxes |
27.31 |
28.55 |
32.00 |
40.54 |
49.04 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
27.31 |
28.55 |
32.00 |
40.54 |
49.04 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
27.31 |
28.55 |
32.00 |
40.54 |
49.04 |