INCOME STATEMENT (Annual GAAP In millions $) |
(Dec 31 2023) 2023 |
(Dec 31 2022) 2022 |
(Dec 31 2021) 2021 |
(Dec 31 2020) 2020 |
(Dec 31 2019) 2019 |
Interest and Fee Income, Loans and Leases |
716.46 |
479.91 |
435.46 |
466.43 |
501.34 |
Interest and Dividend Income, Securities |
6.01 |
7.52 |
31.53 |
30.51 |
35.35 |
Other Interest and Dividend Income |
30.38 |
8.85 |
1.69 |
1.19 |
5.89 |
Other Income |
44.48 |
45.52 |
- |
- |
- |
Total Interest Income |
797.32 |
541.81 |
468.69 |
498.13 |
542.58 |
Interest Expense, Deposits |
232.33 |
35.21 |
28.98 |
54.02 |
82.00 |
Interest Expense, Borrowings |
45.66 |
25.30 |
15.71 |
17.32 |
16.93 |
Total Interest Expense |
277.99 |
60.51 |
44.68 |
71.34 |
98.92 |
Net Interest Income |
519.33 |
481.30 |
424.00 |
426.80 |
443.66 |
Provision
for loan losses |
15.59 |
23.79 |
-3.37 |
173.70 |
7.05 |
Total Net Interest Income |
503.73 |
457.51 |
425.67 |
339.95 |
436.61 |
Insurance Commissions and Fees |
11.10 |
10.75 |
9.84 |
8.99 |
8.92 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
21.04 |
13.87 |
27.94 |
15.12 |
16.26 |
Gain On Purchase Of Business |
- |
- |
- |
- |
- |
Gain Loss On Debt Redemption |
- |
- |
- |
- |
- |
Fees and Commissions Depositor Accounts |
- |
39.96 |
- |
- |
- |
Fees and Commissions |
- |
17.27 |
- |
- |
- |
Fees and Commissions Fiduciary and Trust Activities |
- |
22.34 |
- |
- |
- |
Fees and Commissions Mortgage Banking |
- |
35.79 |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal |
- |
- |
- |
- |
- |
Extinguishment of Debt |
- |
- |
6.12 |
0.12 |
0.05 |
Other Non-Interest Income |
80.67 |
9.72 |
183.08 |
211.30 |
128.03 |
Foreclosed Real Estate Expense Net |
0.27 |
-0.45 |
- |
- |
- |
Total Noninterest Income |
113.08 |
149.25 |
226.98 |
235.53 |
153.25 |
Total Revenues |
616.81 |
606.76 |
652.65 |
575.48 |
589.86 |
Salaries & employee benefits, SGA |
281.77 |
261.65 |
292.83 |
312.71 |
262.39 |
Restructuring, Accretion & impairment charges |
- |
2.52 |
0.37 |
7.37 |
0.28 |
Depriciation & Amortization |
5.38 |
5.12 |
6.04 |
7.12 |
8.11 |
Foreclosed Real Estate Expense |
- |
- |
0.25 |
2.75 |
2.01 |
Communications, Occupancy and Information Technology |
61.67 |
59.72 |
77.43 |
83.63 |
78.09 |
Professional Fees |
13.67 |
11.87 |
11.78 |
11.29 |
10.17 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
53.91 |
32.74 |
35.00 |
44.95 |
13.08 |
Loss On Contract Termination |
- |
- |
- |
2.04 |
- |
Debt Securities Held To Maturity Credit Loss Expense Reversal |
- |
- |
0.03 |
- |
- |
Other loss/ -income |
23.23 |
21.83 |
6.09 |
0.12 |
0.05 |
Total Operating
Expenses |
439.62 |
395.46 |
429.83 |
471.99 |
374.17 |
Total Costs & Expenses |
717.61 |
455.97 |
474.51 |
543.32 |
473.10 |
Income /-loss before income taxes |
177.19 |
211.31 |
222.83 |
103.49 |
215.69 |
Income taxes expenses/-benefit |
32.51 |
45.24 |
46.94 |
19.84 |
48.09 |
Income after income taxes |
144.68 |
166.07 |
175.89 |
83.65 |
167.60 |
Net income/-loss
of other equity |
- |
0.00 |
- |
- |
- |
Income /-loss after income taxes |
144.68 |
166.07 |
175.89 |
83.65 |
167.60 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
144.68 |
166.07 |
175.89 |
83.65 |
167.60 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
144.68 |
166.07 |
175.89 |
83.65 |
167.60 |