INCOME STATEMENT (Quarterly GAAP In millions $) |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Interest and Fee Income, Loans and Leases |
10.19 |
9.68 |
9.16 |
8.76 |
8.22 |
Interest and Dividend Income, Securities |
0.74 |
0.75 |
0.80 |
0.77 |
0.81 |
Interest Income, Federal Funds Sold |
0.00 |
0.01 |
0.01 |
0.02 |
0.00 |
Interest Income, Deposits with Financial Institutions |
0.02 |
0.10 |
0.09 |
0.24 |
0.36 |
Other Income |
0.02 |
0.06 |
0.01 |
0.10 |
0.00 |
Total Interest Income |
10.98 |
10.59 |
10.07 |
9.89 |
9.40 |
Interest Expense, Deposits |
1.90 |
1.46 |
0.89 |
0.51 |
0.37 |
Interest Expense, Borrowings |
0.35 |
0.24 |
0.17 |
0.05 |
0.06 |
Total Interest Expense |
2.25 |
1.70 |
1.06 |
0.56 |
0.43 |
Net Interest Income |
8.73 |
8.89 |
9.01 |
9.34 |
8.97 |
Provision
for loan losses |
0.18 |
-0.20 |
-0.11 |
0.10 |
0.15 |
Total Net Interest Income |
8.55 |
9.09 |
9.11 |
9.23 |
8.82 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
0.56 |
0.55 |
0.50 |
0.50 |
0.49 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.21 |
0.15 |
0.02 |
-0.20 |
0.04 |
Allowance For Provision For Reduction Of Loan And Lease Losses |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss |
- |
-0.02 |
- |
-0.01 |
- |
Life Insurance Corporate Or Bank Owned Change In Value |
0.15 |
0.15 |
0.14 |
0.12 |
0.14 |
Other Non-Interest Income |
0.71 |
0.60 |
0.66 |
0.91 |
0.69 |
Telephone Expense |
0.14 |
0.12 |
0.14 |
0.11 |
0.11 |
Federal Deposit Insurance Corporation Premium Expense Discount |
0.15 |
0.18 |
0.11 |
0.09 |
0.11 |
Total Noninterest Income |
1.92 |
1.73 |
1.56 |
1.52 |
1.57 |
Total Revenues |
10.46 |
10.82 |
10.68 |
10.75 |
10.39 |
Salaries & employee benefits, SGA |
4.46 |
4.28 |
4.19 |
3.35 |
4.00 |
Depriciation & Amortization |
0.08 |
0.11 |
0.11 |
0.11 |
0.11 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Information Technology and Data Processing |
0.61 |
0.52 |
0.49 |
0.63 |
0.41 |
Professional Fees and Commission |
0.15 |
0.16 |
0.22 |
0.05 |
0.14 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies Expense |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
0.66 |
0.59 |
0.70 |
0.85 |
0.66 |
Occupancy And Equipment Expense |
1.36 |
1.17 |
1.19 |
1.19 |
1.14 |
Other loss/ -income |
0.58 |
0.57 |
0.45 |
1.00 |
0.44 |
Total Operating
Expenses |
7.90 |
7.40 |
7.34 |
7.18 |
6.90 |
Total Costs & Expenses |
10.15 |
9.10 |
8.40 |
7.74 |
7.33 |
Income /-loss before income taxes |
2.56 |
3.42 |
3.34 |
3.57 |
3.49 |
Income taxes expenses/-benefit |
0.50 |
0.67 |
0.61 |
0.72 |
0.70 |
Income after income taxes |
2.06 |
2.75 |
2.73 |
2.85 |
2.79 |
Net income/-loss
of other equity |
- |
- |
0.00 |
- |
- |
Income /-loss after income taxes |
2.06 |
2.75 |
2.73 |
2.85 |
2.79 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
2.06 |
2.75 |
2.73 |
2.85 |
2.79 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
2.06 |
2.75 |
2.73 |
2.85 |
2.79 |