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 |
28.46 |
27.29 |
25.76 |
24.55 |
23.39 |
Other Interest and Dividend Income |
0.30 |
0.31 |
0.23 |
0.21 |
0.21 |
Other Income |
1.54 |
1.51 |
1.28 |
1.27 |
1.41 |
Total Interest Income |
30.30 |
29.11 |
27.27 |
26.02 |
25.00 |
Interest Expense, Deposits |
13.21 |
11.39 |
9.08 |
7.58 |
5.14 |
Interest Expense, Borrowings |
1.57 |
2.05 |
2.32 |
1.29 |
0.91 |
Total Interest Expense |
14.78 |
13.43 |
11.40 |
8.88 |
6.05 |
Net Interest Income |
15.52 |
15.68 |
15.87 |
17.15 |
18.96 |
Provision
for loan losses |
-0.45 |
0.30 |
0.50 |
-2.40 |
0.85 |
Total Net Interest Income |
15.97 |
15.38 |
15.37 |
19.55 |
18.11 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
0.24 |
0.19 |
0.24 |
0.18 |
-2.39 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.22 |
0.45 |
0.28 |
0.25 |
-0.06 |
Gain Loss On Sale Of S B A Related Assets Net |
- |
- |
- |
- |
- |
Interest On Federal Funds Sold And Cash Equivalents |
- |
- |
- |
1.27 |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal |
- |
- |
- |
-2.40 |
- |
Loss/ -Gain on Investment |
- |
0.04 |
- |
- |
-0.10 |
Other Non-Interest Income |
0.79 |
0.92 |
0.88 |
2.32 |
4.23 |
Other Real Estate Owned Expenses |
0.23 |
0.24 |
0.20 |
0.17 |
0.09 |
Total Noninterest Income |
1.48 |
1.84 |
1.60 |
1.78 |
1.77 |
Total Revenues |
17.45 |
17.22 |
16.96 |
21.33 |
19.87 |
Salaries & employee benefits, SGA |
2.93 |
2.83 |
2.94 |
3.64 |
2.87 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.67 |
0.65 |
0.65 |
0.64 |
-0.01 |
Professional Fees |
0.58 |
0.66 |
0.49 |
0.59 |
0.58 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.33 |
0.39 |
0.35 |
0.23 |
0.24 |
Other Noninterest Expense |
1.20 |
10.71 |
1.38 |
1.19 |
1.44 |
Other loss/ -income |
0.58 |
0.61 |
0.57 |
0.47 |
1.03 |
Total Operating
Expenses |
6.29 |
15.85 |
6.37 |
6.76 |
6.15 |
Total Costs & Expenses |
21.07 |
29.28 |
17.77 |
15.64 |
12.20 |
Income /-loss before income taxes |
11.16 |
1.37 |
10.59 |
14.57 |
13.72 |
Income taxes expenses/-benefit |
2.99 |
0.34 |
2.46 |
3.44 |
3.27 |
Income after income taxes |
8.17 |
1.03 |
8.13 |
11.13 |
10.45 |
Net income/-loss
of other equity |
- |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
8.17 |
1.03 |
8.13 |
11.13 |
10.45 |
Net Income (Loss) Attributable to Noncontrolling Interest |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
8.17 |
1.03 |
8.13 |
11.13 |
10.45 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
-0.01 |
-0.01 |
-0.01 |
-0.01 |
-0.01 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
8.17 |
1.02 |
8.12 |
11.12 |
10.45 |