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 |
82.16 |
78.18 |
72.20 |
92.61 |
59.54 |
Interest and Dividend Income, Securities |
5.08 |
4.79 |
4.78 |
4.60 |
1.28 |
Other Income |
3.54 |
2.90 |
2.07 |
3.14 |
7.43 |
Total Interest Income |
90.79 |
85.87 |
79.05 |
100.36 |
68.25 |
Interest Expense, Deposits |
19.89 |
15.50 |
11.22 |
4.88 |
3.10 |
Interest Expense, Short-term Borrowings |
-0.04 |
0.20 |
0.17 |
0.25 |
0.23 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
4.16 |
5.35 |
3.14 |
2.59 |
0.11 |
Total Interest Expense |
24.00 |
21.04 |
14.53 |
7.71 |
3.44 |
Net Interest Income |
66.78 |
64.83 |
64.53 |
92.64 |
64.81 |
Provision
for loan losses |
10.99 |
3.73 |
6.14 |
26.77 |
7.84 |
Total Net Interest Income |
55.79 |
61.10 |
58.39 |
65.88 |
56.97 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
3.47 |
3.56 |
3.53 |
3.30 |
3.43 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
0.71 |
0.69 |
0.69 |
0.64 |
0.67 |
Provision For Reduction Of Loan Lease And Other Losses |
- |
- |
- |
- |
- |
Electronic Refund Check Fees |
- |
- |
- |
- |
- |
Net Refund Transfer Fees |
- |
- |
- |
- |
- |
Fees And Commissions Programs |
4.56 |
4.04 |
3.74 |
3.24 |
3.50 |
Service Charges On Deposit Accounts |
- |
- |
- |
- |
- |
Mortgage Banking Income |
0.98 |
0.85 |
0.91 |
0.80 |
0.62 |
Death Benefits In Excess Of Cash Surrender Value Of Life Insurance Income |
- |
- |
1.73 |
- |
- |
Other Non-Interest Income |
3.85 |
3.30 |
7.71 |
13.21 |
3.80 |
Card And Processing Expense |
1.54 |
1.58 |
1.35 |
1.50 |
1.17 |
Total Noninterest Income |
15.11 |
14.02 |
19.65 |
22.68 |
13.20 |
Total Revenues |
70.90 |
75.11 |
78.04 |
88.56 |
70.16 |
Salaries & employee benefits, SGA |
2.30 |
2.06 |
2.51 |
1.57 |
56.35 |
Restructuring, Accretion & impairment charges |
0.09 |
-0.13 |
0.13 |
2.07 |
- |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
3.47 |
3.50 |
3.59 |
3.41 |
-11.30 |
Professional Fees |
0.51 |
0.80 |
0.83 |
1.06 |
0.95 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies Expense |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.69 |
0.68 |
0.72 |
0.64 |
0.43 |
Other Noninterest Expense |
4.74 |
3.50 |
4.72 |
5.00 |
4.39 |
Other loss/ -income |
35.58 |
37.64 |
39.03 |
38.69 |
-5.84 |
Total Operating
Expenses |
47.38 |
48.04 |
51.53 |
52.44 |
44.98 |
Total Costs & Expenses |
71.38 |
69.09 |
66.06 |
60.16 |
48.42 |
Income /-loss before income taxes |
23.52 |
27.07 |
26.51 |
36.11 |
25.19 |
Income taxes expenses/-benefit |
3.86 |
5.50 |
5.46 |
8.02 |
5.39 |
Income after income taxes |
19.66 |
21.57 |
21.05 |
28.09 |
19.80 |
Net income/-loss
of other equity |
- |
0.00 |
- |
- |
- |
Income /-loss after income taxes |
19.66 |
21.57 |
21.05 |
28.09 |
19.80 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
19.66 |
21.57 |
21.05 |
28.09 |
19.80 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
19.66 |
21.57 |
21.05 |
28.09 |
19.80 |