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 |
8.40 |
8.07 |
7.41 |
7.03 |
6.31 |
Interest Income, Securities, Mortgage Backed |
7.72 |
7.01 |
- |
- |
- |
Other Interest and Dividend Income |
0.70 |
0.47 |
0.03 |
0.05 |
0.09 |
Other Income |
0.00 |
0.00 |
6.77 |
6.12 |
4.89 |
Total Interest Income |
16.82 |
15.55 |
14.22 |
13.20 |
11.29 |
Interest Expense, Deposits |
6.07 |
5.17 |
2.92 |
2.91 |
- |
Interest Expense, Other Short-term Borrowings |
0.86 |
0.82 |
0.63 |
0.39 |
- |
Interest Expense, Long-term Debt and Capital Securities |
0.35 |
0.35 |
0.35 |
0.31 |
0.39 |
Interest Expense, Other |
- |
- |
- |
-0.09 |
0.04 |
Other Intrest Expenses |
0.10 |
0.09 |
0.08 |
0.09 |
0.24 |
Total Interest Expense |
7.38 |
6.43 |
3.97 |
3.61 |
0.68 |
Net Interest Income |
9.45 |
9.12 |
10.24 |
10.97 |
10.13 |
Provision
for loan losses |
- |
0.22 |
- |
- |
- |
Total Net Interest Income |
9.45 |
8.90 |
10.24 |
10.97 |
10.13 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
0.20 |
0.19 |
0.16 |
-0.39 |
0.01 |
Revenue from Grants |
0.32 |
0.30 |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.16 |
0.20 |
0.24 |
0.21 |
0.22 |
Service Feeson Deposit Accounts |
- |
- |
- |
- |
- |
Trust Income |
- |
- |
- |
- |
- |
Checkcardrevenue |
- |
- |
- |
- |
- |
Grant Revenue |
- |
- |
- |
- |
- |
Noninterest Income From Trust |
0.46 |
0.46 |
- |
- |
- |
Government Assistance Amount |
- |
- |
- |
- |
- |
Government Assistance Amount |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.14 |
0.20 |
- |
- |
- |
Other Non-Interest Income |
0.55 |
0.55 |
1.46 |
2.32 |
2.00 |
Debit Card Expenses |
- |
- |
0.34 |
- |
- |
Debit Card Expense |
0.35 |
0.35 |
- |
- |
- |
Total Noninterest Income |
2.17 |
2.25 |
2.20 |
2.15 |
2.22 |
Total Revenues |
11.61 |
11.15 |
12.44 |
13.11 |
12.36 |
Salaries & employee benefits, SGA |
4.96 |
5.02 |
14.27 |
12.62 |
14.13 |
Restructuring, Accretion & impairment charges |
- |
- |
- |
0.43 |
- |
Depriciation & Amortization |
- |
- |
0.62 |
0.65 |
0.75 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
0.81 |
0.77 |
0.81 |
0.70 |
0.70 |
Professional Fees |
0.17 |
0.14 |
0.21 |
0.19 |
0.18 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.15 |
0.22 |
0.09 |
0.09 |
0.09 |
Other Noninterest Expense |
1.26 |
1.22 |
- |
- |
- |
Depreciation And Maintenance Of Equipment |
0.66 |
0.60 |
- |
- |
- |
Other loss/ -income |
0.92 |
0.93 |
-6.97 |
-5.76 |
-7.57 |
Total Operating
Expenses |
8.92 |
8.91 |
9.03 |
8.92 |
8.28 |
Total Costs & Expenses |
16.30 |
15.34 |
13.01 |
11.15 |
9.44 |
Income /-loss before income taxes |
2.69 |
2.25 |
3.41 |
4.19 |
4.08 |
Income taxes expenses/-benefit |
0.57 |
0.47 |
0.74 |
0.90 |
0.85 |
Income after income taxes |
2.12 |
1.78 |
2.67 |
3.29 |
3.23 |
Net income/-loss
of other equity |
- |
- |
0.00 |
- |
0.00 |
Income /-loss after income taxes |
2.12 |
1.78 |
2.67 |
3.29 |
3.23 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
2.12 |
1.78 |
2.67 |
3.29 |
3.23 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
2.12 |
1.78 |
2.67 |
3.29 |
3.23 |